Ultimate ITR Filing Guide for Salaried Individuals (FY 2024-25) | Avoid Tax Scrutiny & Navigate Tax Season Smoothly
ITR Filing Guide FY 2024-25: Avoid Tax Scrutiny for Salaried Individuals | [Your Website Name] Navigate Tax Season Smoothly: Your ...
TDS Rate Chart for Resident and Non-Resident Indians FY 2025-26 (AY 2026-27) – Updated Rates and Key Changes
Complete TDS Rate Chart for Resident Indians FY 2025-26 (AY 2026-27) TDS Rate Chart for Resident Indians FY 2025-26 (AY ...
Policy Reforms and Social Welfare Initiatives of UPA Government 2004-2014: RTI, MGNREGA, NFSA, and More
The United Progressive Alliance (UPA) central government, led by Prime Minister Manmohan Singh from 2004 to 2014, marked a decade ...
BJP Government’s Key Policy Decisions Under PM Modi (2014-2025): Ram Mandir, Article 370, GST & More
The Bharatiya Janata Party (BJP) central government, in power since 2014 under Prime Minister Shri Narendra Modi, has undertaken numerous ...
🎯 HPSC Exam Pattern & Syllabus 2025: Your Complete Guide to Prelims, Mains & Interview
The Haryana Public Service Commission (HPSC) conducts the highly competitive Haryana Civil Services (HCS) exam to recruit dynamic individuals for ...
The Paradox of Corruption in India: Exploring the Multifaceted Issue and Ethical Posturing
Introduction India, a nation with a rich cultural heritage and a vibrant democracy, is grappling with the pervasive issue of ...
Reverse Charge Mechanism (RCM) under GST: Applicability, Categories, and Compliance
The Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) system shifts the responsibility to pay tax from ...
Complete List of Income Tax Return (ITR) Forms and Applicability for FY 2024-25 📋
Below is the complete list of Income Tax Return (ITR) forms applicable for filing returns for the Financial Year 2024-25 ...
Unlock Savings: HRA Exemption Guide for Renters in India (2025 Update)
If you're a salaried employee living in rented accommodation, you may be eligible for a substantial tax benefit through the ...
TCS Rates for FY 2025-26 (AY 2026-27) – Complete Updated List with Thresholds & Exemptions
Looking for the latest TCS rates in India for FY 2025-26? Here's the complete and updated list of Tax Collected ...
Comparison of OLD Tax Regime Vs New Tax Regime for Individual/ HUF as upated by Finance Act 2024 (exemption & deductions in both)
Here is the summary of some important exemptions & deductions under New Tax Regime for Fy 2024-25:- ParticularsOld Tax RegimeNew ...
Addressing Underreported Property Values in India: Understanding Stamp Duty, Impacts, and Solutions
Introduction Underreporting property values during registration is a pervasive issue in India, causing significant revenue losses for the government. This ...
Understanding Strategy: Beyond Operational Effectiveness
In today's dynamic and competitive business environment, the distinction between operational effectiveness and strategy is crucial for sustainable success. While ...
Understanding India’s Monetary Policy Framework and Objectives
What is Monetary Policy? What are goals of Monetary policy and how these goals are achieved? Monetary policy refers to ...
Rates of Income tax for FY 2024-25 (assessment year 2025-26)- By Finance Act 2024
As we know that W.e.f FY 2020-21 i.e. budget 2020, two options of slab rate are available for Individual & ...
Rates of TDS (tax deducted at source) for FY 2024-25 (1st April 2024 to 31st March-2025) (By Finance Act 2024)
A complete list of TDS (tax deducted at source) rates along with related transactions and budget proposals for the financial ...
Rates of TCS (Tax collected at Source) for FY 2024-25 (1st April 2024 to 31st march 2025) (By Finance Act 2024)
A complete list of TCS (tax collected at source) rates along with related transactions and budget proposals for the financial ...
Various Due Dates in Income tax for FY 2024-25(AY 2025-26) – (By Finance Act 2024)
Due Dates of Income tax as applicable for FY 2024-25 (AY 2025-26) (A) Due date for filing Income tax Return ...
Evolution of Settlement Cycles in India’s Equity Market
Settlement Cycles In the context of the equity market, "settlement" refers to the process of transferring securities and funds between ...
RBI Policy Rates as updated by resolutions of Monetary Policy Committee dt. 05 to 07.06.2024
RBI Policy Rates as updated by resolutions of Monetary Policy Committee dt. 05 to 07.06.2024 (download) With the help of ...
The concept of Other Comprehensive income under IFRS with comparison with Ind-AS.
Other Comprehensive Income (OCI) refers to revenues, expenses, gains, and losses that are not included in net income on the ...
Understanding Depreciation, Amortization, Impairment, and Depletion: A Complete Guide
In the financial and accounting world, terms like depreciation, amortization, impairment, and depletion often come into play, especially when assessing ...
Have you done tax planning for FY 2023-24 before the deadline 31st March 2024?- Checkout what you missed.
Financial year 2023-24 is reaching its end in a few days. 31st March is an important deadline with reference to ...
Solar Flares: A Deep Dive into Nature’s Powerhouse
Solar flares stand as one of the Sun's most mesmerizing and formidable phenomena, capable of unleashing vast amounts of energy ...
Navigating the Evolution of Transport Technology: From Wheels to the Speed of Light
The story of transportation technology is the story of human progress. From the earliest wheels to the potential of light-speed ...
The Wireless World: Infrared, Bluetooth, and Beyond
In today's interconnected world, wireless technologies play a pivotal role in facilitating seamless communication between devices, enhancing our experience of ...
Navigating the Waves of Progress: The Evolution of Communication Technology from 2G to 5G and Beyond
In the ever-evolving landscape of technology, communication systems have seen significant advancements, reshaping how we connect, interact, and share information ...
Highlights of Interim Budget 2024 (for FY 2024-25)
An interim budget is presented instead of a full budget in certain years due to the timing of general elections ...
Economic survey of India 2023-24 or The Indian Economy: A Review – January 2024 (Before Interim budget for FY 2024-25)
In an election year in India, the budget and economic survey presentation follow a different approach compared to a non-election ...
Methods to find out the present value of a future sum of money or future ordinary annuity or any annuity due.
1. Finding the Present value of a sum of money receivable in the future. The present value (PV) of an ...
Different methods of forecasting in economics.
Economic forecasting involves the use of various methods and techniques to predict future economic trends, indicators, and outcomes. These methods ...
Capital Assets pricing model (CAPM) , its formula and uses.
The Capital Asset Pricing Model (CAPM) is a widely used financial model that helps investors and analysts understand the relationship ...
Different tools used in Technical Analysis of a stock/share.
Technical analysis involves studying past market data, mainly price and volume, to predict future price movements. Various tools and techniques ...
What is relation between interest rate and inflation?
The relationship between interest rates and inflation is complex and multifaceted, and it's often discussed in the context of monetary ...
Methods to find out the future value of an Investment OR Ordinary Annuity OR Annuity due or Incremental Annuity/SIP.
1. Finding the future value of a one-time investment. The future value (FV) of an investment or cash flow represents ...
How to calculate intrinsic value per share for a listed company?
Calculating the intrinsic value of a share of a company involves estimating the value of that share based on fundamental ...
Types of computer software and Programming Languages used to develop a computer software
1. Computer Software Computer Software is a sort of program that allows clients to work on different assignments on their ...
Which tax regime to choose (Old Tax regime VS New Tax regime) for Financial year 2022-23 (AY 2023-24)
Many people filing income tax return for the financial year 2022-23 and worried about tax regime. Please note that- New ...
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What is EPS-95? section 6A(1) of THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 provides that- The Central Government ...
Various Due Dates in Income tax for FY 2023-24(AY 2024-25)
Due Dates of Income tax as applicable for FY 2023-24 (AY 2024-25) (A) Due date for filing Income tax Return ...
Rates of TCS (Tax collected at Source) for FY 2023-24 (1st April 2023 to 31st march 2024) (by Finance Act 2023)
The following changes in TCS-related provisions were amended by Finance ACT 2023:- 1. Section 206C(1G) – Change in TCS rate ...
Rates of Income tax for FY 2023-24 (assessment year 2024-25)
As we know that W.e.f FY 2020-21 i.e. budget 2020, two options of slab rate are available for Individual & ...
Rates of TDS (tax deducted at source) for FY 2023-24 (1st April 2023 to 31st March-2024) (by Finance Act 2023)
The following changes in TDS-related provisions were amended/inserted by Finance ACT 2023:- 1. Introduction of section 194BA: TDS provision for ...
Important Highlights of Budget 2023 regarding Direct Tax, Indirect Tax and other proposals(FY 2023-24)
ON 1st February 2023, Finance Minister of India presented Union budget 2023 . The Finance bill is the part of ...
What to Choose: Old Slab Rate OR New Tax Regime as updated by Finance Budget 2023
In Budget 2023, some amendments are proposed for the new tax regime which was introduced in budget 2020 as an ...
Have you done tax planning for FY 2022-23 before the deadline 31st March 2023?- Checkout what you missed.
Financial year 2022-23 is reaching its end in a few weeks. 31st March is an important deadline with reference to ...
Investment in GOLD
Gold is the most secure investment in times of crisis due to its features like global acceptance, liquidity, prestige, demand, ...
Six styles of making money in the Stock Market.
Profit is the ultimate motive of the person involved in any business. The share market is seen as an ocean ...
Basics of starting with the share market
What are the basic requirements for starting with the share market? An Investor is a person, who is having some ...
PROS & CONS of Fundamental Analysis AND Technical Analysis for investment in SHARE MARKET.
In the share market, most crucial question is, which stock to buy? Different types of retail investors, try to find ...
Basics of Fundamental Analysis: Share market
In Fundamental Analysis, we need to check the accounts of the company to analyse its financial health. In fact, Fundamental ...
Some basic financial terms used in Fundamental Analysis of a script (Share market fundamental analysis)
In the fundamental Analysis of stock, we need to check the financial health of the company for determining the intrinsic ...
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What is the Impact of change in the interest rate on equity investment/share market?
As we know we are the second largest populated country in the world but in a country of more than ...
Rates of Income tax for FY 2022-23 (assessment year 2023-24)
(A) Income tax Rates for Individual & HUF (who opted for new tax regime u/s 115BAC) As we know that ...
List of 136 incomes on which tax is not required to be paid in India. (Complete List of exempt income along with sections and conditions)
Generally when any person (Individual, HUF, AOP, BOI, AJP, Firm, Company or trust etc.) earn any income, then some part ...
Advance tax: Are you required to pay Advance tax? What are consequences for not paying Advance tax?
Do you know what is the due date for payment of Income tax for a financial year. ? With the ...
Income tax due dates for FY 2022-23(AY 2023-24)
Due Dates of Income tax as applicable for FY 2022-23 (AY 2022-23) (A) Due date for filing Income tax Return ...
Rates of TCS for FY 2022-23 (1st April 2022 to 31st march 2023)
Budget 2022 was presented on1st February 2022 with historic least number of changes in Income tax. A complete list of ...
Rates of TDS (tax deducted at source) for FY 2022-23 (1st April 2022 to 31st March-2023)
Budget 2022 was presented on1st February 2022 with historic least number of changes in Income tax. A complete list of ...
Important Highlights of Tax Proposals in Union Budget 2022 (FY 2022-23)
Today, i.e. 1st February 2022, Finance Minister of India presented Union budget 2022 . The Finance bill is the part ...
Clarifications/Guidelines regarding TDS u/s 194Q (applicable w.e.f 1.7.2021, TDS on payment for purchase of goods above threshold limit of Rs. 50 Lakhs by a buyer whose turnover is exceeding Rs. 10 crores in preceeding FY) and TCS u/s 206C(IH) and TDS u/s 194-O issued vide circular no. 13 dt. 30.06.2021
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Financial System and its stages, components, and Functions.
Financial System A “Financial System” is a set of interrelated activities working together to achieve some pre-determined goal. It includes- ...
What is Balance of Payment? What is balance of Trade? What is current account deficit/ Surplus and capital account deficit / Surplus? What is forex reserve? What is Trade Deficit/ Surplus?
There is many terms like Balance of payment, Balance of Trade, Current A/c Deficit, Capital account deficit, trade deficit, forex ...
Decision Making and Risk Factor: How to take an economic decision considering the risk factor?
Every person wants to make the best decision but every person may have a different risk attitude and our risk ...
Taxability of Mutual Fund: Is your mutual fund taxable or exempt?
Investment is a good habit to make our future more independent. Keeping some part of our money to get more ...
Insights of Indian Economy before hit by COVID-19
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25th August is Last date to apply for November 2020 Examination of ICAI (Institute of Chartered Accountants of India)
25th August is Last date to apply for November 2020 Examination of ICAI (Institute of Chartered Accountants of India) As ...
How a Package of Rs. 20 Lakh Crores going to make India – Atmanirbhar Bharat: First Phase-13th may 2020
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Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this era of viruses i.e. Coronavirus.
Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this ...
Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020)
Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020) Economic Survey ...
Updates relating to GST return, Income Tax and SEBI.
CBDT has released parameters for manual selection of Income Tax Returns for Complete Income Tax Scrutiny during financial year 2018-19 ...
Clause 30C & 44 of Tax Audit report is kept in abeyance till 31st march 2019
On 17th August 2018, CBDT issued order under section 119 of Income Tax Act 1961 that reporting under clause 30C ...
In A New Record, Rs 10.03 Lakh Crore Collected As Income Tax In 2017-18
In a new record, Income Tax worth Rs 10.03 lakh crore was collected during 2017-18, the Central Board of Direct ...
An Overview of Tax Audit U/s 44AB of Income tax Act.
Tax Audit under section 44AB was introduced by Finance Act 1984, w.e.f. 1st April 1985 (A. Y. 1985-86). The main ...
Is it right time for the privatisation or consolidation of public sector banks?
Current market share of public sector banks is 70% which is reducing very rapidly i.e. approximately 4% a year. After ...
Fraud prone Indian Banking & RBI: Recent Steps to strengthen Banking.
After recent scam of 12646 crores in PNB done through fraudulent issuance of letter of undertaking (LOU) , RBI have ...
Income Tax Dept. probes Rs. 1000 crore tax refund fraud by Govt. and PSU employees.
Belated or revised income tax return for the financial year 15-16 or 16 17 can be filed up to 31st ...
UIDAI directs telecom companies to inform users about Aadhaar linking status
More than 120 crore residents have already been enrolled with Aadhaar and with such a large data Aadhaar data is ...
Paytm received approval from SEBI to become Registered Investment Advisor.
Business of E-wallet companies are affected by RBI guidelines for mandatory KYC in E-wallet. Last date for updation of KYC ...
E-Way bill for movement of Goods: Target Dates
Under GST regime, an e-waybill needs to be generated and carried for movement of goods above rupees 50000. Previously on ...
Updates about PNB Fraud case of Rs. 12700 crore.
Some Updates about PNB fraud case of Rs. Rs.12700 crore:- Axis Bank's MD, Shikha Sharma and ICICI Bank's MD Chanda ...
RBI to Infuse Rs. 1 Lakh crore in the banking system in the month of March
To manage additional demand of liquidity, RBI decided to Infuse Rupees 1 lakh crore in the banking system through special ...
On 1st March 2018, Cabinet cleared "Fugitive Economic Offenders Bill 2018"
The Cabinet today cleared Fugitive Economic Offenders Bill which targets big defaulters involved in economic crime of over Rs. 100 ...
On 1st March 2018, Cabinet approved setting up NFRA as regulator for Auditors
Today on 1st March 2018, The Cabinet approved setting up of the National Financial Reporting Authority (NFRA), which will be ...
SBI & ICICI increased MCLR on 1st March 2018
Today on 1st march 2018, SBI increased the one-year MCLR by 20 basis points (bps) from 7.95% to 8.15%. And ...
Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches.
RBI announced Priority Sector Lending Targets for FY 2018-19 for Foreign Banks with 20 or more Branches in notification dated ...
SBI increased Interest Rate for Domestic Term Deposits.
Today on 28-2-2018, State Bank of India (SBI) increased retail deposit rates by 10 to 50 basis points across various ...
On 28-02-2018, RBI revised limit of "exchange traded currency derivatives".
RBI revised limit of "exchange traded currency derivatives" without having to establish underlying exposure for resident in India and FPI.Currently, ...
Update KYC in E-wallet before 28th Feb. 2018: RBI
Update KYC in E-wallet as deadline is very close. As per RBI guidelines issued in October 2017 as revised, E-wallet ...
E-way bill may start from 1st April-2018:Meeting of GOM
On 24-02-2018, in the meeting of GoM (Group of Ministers), it is decided to start the inter-state movement of goods ...
On 23rd February 2018, Reserve Bank of India launched the Ombudsman Scheme for NBFC
Good News for customers of NBFC like Bajaj Financial Services Limited, LIC Housing Finance, PNB housing finance, Indiabulls group, Muthoot ...
RBI constituted an Expert Committee to look into the reasons for high divergence observed in asset classification and provisioning by banks.
In view of large divergences observed in asset classification and provisioning in the credit portfolio of banks as well as ...
Link your Adhaar with Various Financial products and mobile number before 31st march 2018
On 15-02-2018, Government issued a notification to require all postal Life Insurance holder to provide their Aadhaar detail.The notification also ...
RBI issued Revised framework for Stressed Assets.
On 12th Feb 2018, RBI issued a revised framework for the resolution of stressed assets providing for early identification & ...
Investment Decisions: Are your Investment decisions destroying your Wealth?
Every investor wants to create huge wealth by taking the best investment decisions. But sometimes decisions taken to create wealth ...
Date of Compulsory E-Way Bill Postponed.
To facilitate easy inter-state movement of goods throughout the country, National E-way bill was made compulsory w.e.f. 01-02-2018 for consignment ...
Long Term Capital Gain is made taxable @ 10% w.e.f 1st April 2018
As proposed in budget 2018, w.e.f. 01-04-2018 Long term capital gains (from equity or units of MF) exceeding Rs. 1 ...
Indian Accounting Standards (IND-AS): Whether applicable to your company or not?
Indian Accounting Standards (IND-AS): Whether applicable to your company or not? After a long converging process of Accounting standards(AS) and ...
Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty
Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty What is concept of Universal Basic Income ...
Payment Banks: Revolutionising the Banking Sector
Payment Banks: Revolutionising the Banking Sector In September 2013, the Reserve Bank of India constituted a committee headed by Dr ...
Secret Informer of Tax Department and Annual Information Return
Secret Informer of Tax Department and Annual Information Return (AIR): To curb black money, government need secret informer and to ...
UPI: Unified Payment Interface – A step of India towards Cashless Economy
UPI: Unified Payment Interface - A step of India towards Cashless Economy RBI Governor, Sh. Raghuram Rajan (born 3 February ...
File your Income tax Return: FAQ AY 2016-17
Income tax Return AY 2016-17 Q 1. What are the modes of filing return of income? Return of income can ...
Payment of Bonus Act, 1965 Amended to increase Minimum Bonus
Payment of Bonus Act, 1965 In India, Payment of bonus is governed by "Payment of Bonus Act, 1965" as amended ...
Cabinet approves Implementation of the recommendations of 7th Central Pay Commission
Cabinet approves Implementation of the recommendations of 7th Central Pay Commission The Union Cabinet chaired by the Prime Minister Shri ...
Accounting code for payment of KKC
Accounting code for payment of KKC notified by CBEC The CBEC vide Circular No. 194/04/2016-ST dt. 26 May 2016 has ...
History of Service tax Rates and How to find which rate will apply?
History of Service Tax Rates History of Service Tax Rates since 01-07-1994 till date... From TO Rate EC on ST ...
Provident Fund in India, Its Taxability and TDS on Provident Fund
Provident Fund in India, Its Taxability and TDS on Provident Fund What is the Provident Fund(PF)? Provident Fund is a ...
Necessary skills for your child to build career in 21st Century
Necessary skills for your child to build career in 21st Century In the Twenty first century, Students need to develop ...
Krishi Kalyan Cess (KKC) @ 0.5% introduced (from 1st June 2016)
Krishi Kalyan Cess (KKC) @ 0.5% introduced (from 1st June 2016) It is the time to face new cess named ...
Minimum Wages Rate in India Vs. USA
Minimum Wages Rate in India Vs. USA Below is some short analysis of comparison of minimum wages rates in India ...
Money is the Best Motivator
Money is the Best Motivator Just ask yourself what keeps you motivated. After reading this post you can say that ...
What is difference between Pledge, Mortgage and Hypothecation?
What is difference between Pledge, Mortgage and Hypothecation I have received some queries asking the difference between Pledge, Mortgage and ...
India-Mauritius Tax treaty revised to curb Black Money
India-Mauritius Tax treaty revised to curb Black Money On date 11-05-2016, India getting Mauritius to sign a revised India-Mauritius tax ...
Things That Should Be Taught In Every School
Things That Should Be Taught In Every School Be honest and review our education system, you will find a messed ...
How to obtain Digital Signature?
Digital Signature Certificate can be obtained from any of the Certification Agency: What is a Digital Signature Certificate (DSC)? The ...
Basics of Letter of Credit(LC)
Basics of Letter of Credit(LC)/Documentary Credit What is Letter of Credit? How does it work? What are different Types of ...