The Union Budget 2025 had surprisingly pleasant news for the Indian taxpayers. More so for the so-called and often-ignored Middle Class of India. And what exactly is the good news? The Indian Taxpayers opting for New Tax Regime and earning less…
Read More Rs 12 lakh Income = Zero (0 or NIL) Tax in India (Budget 2025)
The Budget 2025 has once again Revised (and effectively reduced) the tax slabs for ONLY the new tax regime (read more here). Here is a comparison table of the New tax regime Slabs vs. Old tax regime Slabs (applicable from…
Read More Revised New Regime Vs Old Regime Tax Slabs (Budget 2025 Changes)
The income tax slabs in the new tax regime have been changed slightly. As per the announcement, instead of 6, now there will be 5 income tax slabs. The New Slabs and new Income tax rates under the new income…
Read More New Regime – Tax Slabs & Rates for FY 2025-26 / AY 2026-27 (Budget 2025)
In a big relief to property owners, the government has decided (as of 7th August 2024) to move an amendment in the Finance Bill which will allow taxpayers to choose either a 12.5% LTCG tax rate without indexation or go…
Long-Term Capital Gains (LTCG) Tax in Equity has been increased to 12.5% (from earlier 10%) in the Budget 2024. So, the 10% era existed from 2018 to 2024. The earlier pre-2018 era was about the good old days of 0%…
Read More LTCG Tax Increased to 12.5% – How it Impacts You, a Long-Term Equity Investor?
The recent Budget has proposed big changes in the Indian Mutual Fund Tax Rules (2024). Based on the type of mutual funds, here are the taxation rules: Let me explain this table in simple words: Equity Funds – The Long…
For those Indians who spend money abroad, the Budget 2023 had something in store. The government announced significant modifications in LRS rules and more importantly, that 20% TCS will be applicable on all Foreign Remittances from 1st July 2023. Let’s…
Read More Is 20% TCS Rule (of LRS) applicable on Credit Card Spends Abroad from 1st July 2023?
The new tax regime offers lower tax slab rates but it also removes almost all the exemptions. But there are still few tax deductions that are available under the New Tax Regime from 1st April 2023. So what are the…
Read More New Tax Regime Exemption List: Available Deductions (FY2024-25)
How Revised Section 87A Tax Rebate (FY 2023-24) reduces Income Tax to Zero for those earning Rs 7 lakh or less in India.
The leave encashment exemption limit has been increased from Rs 3 lakh to a massive Rs 25 lakh.
Provident fund withdrawal. You may have come across this term so many times but may not be sure how it works and what are its implications. right? Don't worry. This article will help you get a brief idea about PF…
Read More How much Tax is applicable on PF Withdrawal (2025)?
ULIP are hybrid products that offer the dual feature of providing life cover as well as work as an investment option, which if managed well, has the potential to increase your wealth based on market-linked returns. While everyone should be…
One of the Budget 2022 announcements caused some confusion for a few. It has been announced that ONLY the LTCG Tax Surcharge is capped at 15% now for assets other than equity. To be clear, it does not in any…
Read More Only LTCG surcharge Capped at 15%. LTCG tax has NOT Increased.
I know you don’t want to, but still, as law-abiding citizens of India, we must still pay income tax. That said, and before we discuss best ways for you to save income tax, let me remind you what I have…
Recently, I happened to meet a distant cousin who is 25 years old. We got talking and as usual, we discussed savings (my bad). And about his savings patterns. He was, like many other young people out there, unable to…
Read More Invest Rs 1.5 lakh in ELSS Fund for 10 years, Then Do Nothing till 60 – Results?
