Category: Personal Finance & Tax

Financial goals differ from person to person depending on the individual aspirations, responsibilities and lifestyle expenses. It is important for everyone to plan their finances, keeping in mind both their needs and desires. This is where the concepts of financial independence and financial freedom come into the picture. Though often used interchangeably, they offer different…

Investing in and acquiring the dream home is one of the major ambitions of almost every individual. Considering the gravity of this dream and infrastructure development, the government offers several tax benefits for investments in such asset creations. Here’s a breakdown of the benefits available under the Income Tax Act. 1. Standard Deduction on Income…

Education can very well be described as the most important aspect of human development and growth. Considering the importance of education in nation building and the financial burden it places, the Government of India provides several tax benefits on education expenses. In this article, let us delve into tax benefits available for Indian taxpayers for…

Planning your finances and investments is not just about growing your wealth; it is also about safeguarding yourself and your loved ones from uncertainties during unforeseen events. Preparation for uncertain times is the key to successful financial planning. In continuation of our previous blog on various savings schemes for Indian taxpayers, here is our latest…

A “Will” is a legal document that allows individuals to decide the distribution of their assets after death. It acts as a directive and ensures a smooth transition of a deceased person’s (called the Testator) wealth and assets to the designated heirs, avoiding disputes and legal complications. In this blog, let us discuss the crucial…

Building on our previous blogs, which covered tax slabs and key provisions, this post focuses on tax positions across different income levels. In the presence of both old and new regimes, it becomes important to evaluate in choosing the best regime based on specific individual circumstances. The tables below show tax liabilities under both the…

Introduction   Building on our previous blog, where we provided income tax slabs and key components of tax computation, this post will take a closer look at some of the key provisions. These points will help you understand their impact and how they fit into the tax framework.  Key considerations before opting for the New Regime  …