-
Form 16 for ITR filing: Higher standard deduction for these taxpayers to other changes in Form 16 for FY 2024-25 (AY 2025-26) It will primarily show the following three changes for certain taxpayers. Read on to know more about the changes and how they will impact ITR filing for salaried employees
-
ITR-1 and ITR-4 forms enabled for online filing through income tax e-filing portal for AY 2025-26, know who all can file online income tax returns
-
FD interest rates are falling: Can corporate bonds offer better returns with safety? Corporate bonds have been benefitting from the headwinds of companies allocating a higher debt component than equity, foreign investors betting on Indian debt, and retail investors finally having a seat at the table
-
New FD rates from June 1, 2025: PNB, Canara Bank revise interest rates across tenures Canara Bank decreased rates on specific tenures, while PNB reduced rates on some and increased rates on longer-term deposits. PNB's highest rate is now 6.9% on a 390-day tenure
-
ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know
-
What are low-duration mutual funds? Who should invest in them? These funds offer stable returns over six to twelve months. They suit investors seeking liquidity and lower interest rate sensitivity. These funds invest in CDs, CPs, treasury bills, and short-term corporate bonds. Investors can access such low-duration funds through various platforms online
-
Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right The Income Tax Department has released updated forms for Assessment Year 2025-26. Individuals with salary, investments, or business income must choose carefully, depending on their category. ITR 1 suits simple incomes, while ITR 2 is for investors and NRIs. Business owners use ITR 3, and small businesses may use ITR 4
-
What is LRS or RBI’s Liberalised Remittance Scheme? Indian residents can send money abroad. Individuals can remit up to $2,50,000 annually. This is without special permission from the RBI. The scheme is for education, travel, investments, and more. Tax is applicable depending on the purpose of remittance
-
Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid However, errors can crop up despite online filing improvements, ranging from incorrect forms to misreporting income. Avoiding these mistakes, like neglecting AIS/Form 26AS reconciliation or HRA claim errors, is crucial to prevent penalties and ensure accurate tax computation
-
Can equity investors earn more by parking unused funds in liquid ETFs instead of bank account when trading? Liquid ETFs help manage cash flow smoothly while allowing productive use of idle money. Liquid ETF units are equivalent to money in the trading account, and brokers also benefit from liquid ETFs. These ETFs can be pledged for margin in F&O trading