New Delhi: As the government considers overhauling GST rates across various sectors, the insurance industry is in focus. A proposal to reduce the Goods and Services Tax (GST) on life…
Category: Banking And Finance
CA explains the risks behind ‘No EMI till possession’ schemes
Buying a home has long been a dream for many Indians. But today, that , says CA Meenal Goel. She wrote on LinkedIn, “Buying your own home is no longer…
Shifted to new tax regime? Here are 5 investments you shouldn’t drop
Many taxpayers shifting to the new income tax regime are in a dilemma. Should they stop investing in traditional tax-saving options now that most deductions are gone? The answer is…
Two retirees, Rs 2 crore each, yet one runs out of money early. CA explains why
Two retirees, each with Rs 2 crore in savings, decided to withdraw Rs 1 lakh a month for the next 25 years. Surprisingly, The difference, explained CA Abhishek Walia, comes…
ITR-U explained: Check eligibility, deadline, and penalties for updated returns
The Central Board of Direct Taxes (CBDT) has now made it easier for taxpayers to file an updated income tax return (ITR-U) using ITR-3 and ITR-4 forms. The option is…
Taxes On Income, Investment And Even On Saving: CA Explains ‘Real Tax Burden’ Faced By Upper-Middle-Class
New Delhi: Salaried people in India pay taxes on nearly every step, including income, spending, investing and even savings. This is the analysis of CA Nitin Kaushik, who has in…
Why Everyone’s Talking About Micro-Retirement: Gen Z’s New Work Trend
New Delhi: Gen Z hasn’t been in the workforce very long, but many are already craving a break. The trend of micro-retirement is gaining traction on social media — basically,…
EPFO Hacks: Which Form To Use For Withdrawals, Transfers, Pension & More
New Delhi: As a member of the Employees’ Provident Fund Organisation (EPFO), you can use your PF account for many purposes — checking balance, withdrawing money, transferring the account, or…
EPFO’s Urges PF Subscribers To Not Fall For Consultant Traps; All Services 100% Free
In recent times EPFO has taken major steps to make claim process easier for PF Subscribers. EPFO has recently taken a significant step forward in its efforts to enhance member…
Why lower GST is better for your wallet than income tax relief
Tax relief is always welcome, but for real, everyday savings, a reduction in the Goods and Services Tax (GST) delivers broader, more tangible benefits to Indian households than an income…