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A Systematic Withdrawal Plan (SWP) allows investors to withdraw a fixed amount from their mutual fund investment at regular intervals, most commonly monthly. It is especially beneficial during retirement, offering a reliable income stream without depleting the entire corpus at once. Unlike traditional income options, SWPs provide both stability and the potential for continued capital …
As the deadline for Income Tax Return (ITR) filing for FY 2024–25 approaches, many salaried individuals, especially government employees, are seeking clarity on how various salary components impact their tax liability. One such key component is Dearness Allowance (DA), a cost-of-living adjustment designed to counteract inflation. But is DA taxable, and how should it be …