Filing an Income Tax Return (ITR) is necessary for all taxpayers who fall under the taxable income category. As the new assessment year 2025-26 begins, salaried individuals and other taxpayers can start filing their returns for the previous financial year. Like previous years, the deadline for ITR filing is expected to be 31st July 2025. …
Retirement age is a crucial aspect of government service, impacting employees across various sectors. The fundamental rules governing retirement and extension of service vary based on profession and specific departmental requirements. Below is an overview of the retirement age for different government employees and the circumstances under which service extensions are granted. Retirement Age in …
Selling family gold may feel sentimental, but for tax purposes, it is treated purely as a financial transaction. When you sell inherited gold, such as ornaments passed down from your grandfather, it is considered a capital asset under Indian tax laws. The key factor is that the transaction falls under the capital gains head, not …
The Public Provident Fund (PPF) is a trusted long-term investment option for many Indian savers. It offers tax benefits, stable returns, and a 15-year lock-in that encourages disciplined investing. But the date you invest can also impact your final returns. If you’re planning to invest a lump sum in FY26, doing it before April 5 …
April marks the beginning of the financial year in India, making it the perfect time to plan your taxes for FY26 (April 1, 2025 – March 31, 2026). Tax planning involves legally reducing your tax liability by using deductions, exemptions, and investment tools offered under the Income Tax Act. We discuss a few pointers that …
As Financial Year 2025–26 begins, it’s a good time to tidy up your investments, just like you’d clean your home for a fresh start. Over the past year, your asset allocation may have shifted due to market movements. Rebalancing helps bring your portfolio back in line with your original goals, ensuring you’re neither overexposed to …
In today’s age of digital payments and flexible financing options, many utility companies and payment platforms are offering innovative ways to ease your monthly financial burden. One such option is paying your electricity bill through Equated Monthly Installments (EMI). But how does it work? Is it a smart choice for you? Let’s break it down. …
Combining disciplined saving with smart investing could significantly improve your chances of retiring with a substantial financial cushion. A large corpus during retirement can help you maintain the standard of living you were accustomed to during your working years. While saving from an early age is considered ideal, even modest monthly investments through a Systematic …
Systematic Investment Plans (SIPs) have long been hailed as one of the most effective tools for long-term wealth creation. For individuals in their early or mid-twenties, starting a SIP early can yield a substantial retirement corpus over time—without the need for timing the market or making hefty one-time investments. In this blog, we explore how …
The income tax slab and rate changes announced in Budget 2025-26 are now in effect. The new financial year 2025-26 began on April 1, 2025. This is an important time for salaried employees. Their HR departments will soon ask them to choose between the old and new tax regimes. The employer will deduct advance tax …
