In a good news for senior citizens above the 75 years of age, the in the Union Budget 2021 has announced that no income tax filing (ITR Filing) will be required for seniors citizens above 75 years of age and…
Read More No ITR filing for senior citizens above 75 years with only pension, interest (Budget 2021)
You may have started investing in mutual funds few years back without giving much importance to whether you invested in growth option or dividend option (or now called Income Distribution cum Capital Withdrawal option) or regular plans vs direct plans…
When investors realize the benefit of direct plans over regular plans of mutual fund schemes (like direct plans always give higher returns than regular plans), the common reaction is to try and shift from regular to direct mutual funds. The…
Read More Will switching from Regular to Direct plans attract capital gains tax (2025)?
If you have sold residential property and have generated profits (capital gains), then you will have to pay capital gains tax on it. But there are a few ways to save tax on selling your property. How? The Long Term…
Read More How to save tax with Capital Gains Bond 54EC on selling house property (2021)?
As the country has been locked-down for next few weeks (and hopefully not more) due to Coronavirus, there is some relief for tax savers. Many were anxious about missing the due date of March 31, 2020 for investing in tax…
Read More Extension for Tax Saving in FY 2019-20: Till 30th June 2020
The Budget 2023 has further revised new income tax slabs (which the Budget 2020 had introduced). And the new system has been made the default one and is perfectly clear that even though the Old & New tax regimes will…
Update - The Budget 2023 has revised the tax slabs and tax rates for the new tax regime. Please check the details here and here. If you are an Indian taxpayer, it's natural to ask: Which is better for tax-payers in…
Read More New Vs Old Tax Slabs FY 2024-25: Which is Better + Free Calculator Download
Mutual funds in India are ideal investment options for wealth creation as well as saving for all your financial goals. But if you are an investor in these, you should be very clear about how these mutual funds are taxed…
Read More Latest Mutual Fund Taxation Rules (2021 2022): How Mutual Funds are taxed in India?
The real purpose of purchasing life insurance is to avoid tragic stories like this. But many still wrongly feel, that life insurance is a waste of money. But luckily and thanks to our government’s tax-saving policies, they still end up…
Read More Income Tax on Life Insurance Premiums & Maturity in India (Updated 2024)
What is the Cost of Inflation Index (CII) from FY 2001-02 to FY 2024-25 in India? The latest Cost Inflation Index (CII) for the Financial Year FY 2024-25 and Accounting Year (AY 2025-26) has been declared and is 363. More…
As people continue to look for safe higher than fixed deposit returns in India, there is a growing interest in a type of mutual fund: the Debt Funds. I have already written in detail about various types of Debt Funds…
Read More How are Debt Funds Taxed & Indexation Benefit: Updated Rules (2020)
Most people, till now have been investing in NPS for tax benefits. But if you look at the NPS Tax Benefits (2025) under New tax vs Old tax Regime, then you will realize that NPS is a lot more than…
Read More NPS Tax Benefits & Maturity Taxation (Updated 2025)
Everybody wants to retire, but nobody wants to plan for it properly. Right? Most people’s strategy of retirement planning is ‘Hope’. And you would agree too that hope, isn’t the best of strategies. Not surprisingly, whenever we talk about retirement…
Read More NPS vs PPF: Which is Better for Retirement with Tax Saving?
Health insurance is like an umbrella - something that you don’t need every day; but once in a while when it rains, it really saves the day for you. On all other days, you won't miss it. But when it…
Read More Tax Saving on Health Insurance (Section 80D) – Detailed Guide for FY 2024-25
You already know why life insurance is important. Atleast for common people like us who still aren’t rich enough to ignore it. After all, being underinsured and dying can be tragic for the dependents. But one of the major problems…
Read More Insurance requirements change with Age & Tax Benefits on Life Insurance
