Section 115BAC of the Income Tax Act lays down the tax slabs and rules applicable under the new tax regime.
Learn MoreIt is not necessary to attach any documents while filing your returns. However the details given in various documents will have to be used while filling up the online form.
Learn MoreUnder section 269ST of the Income Tax Act, receiving more than Rs 2 lakh in cash is prohibited, whether it is a single transaction or the sum of many transactions on the same occasion.
Learn MoreThose filing their returns for the first time must also choose between two tax regimes (with different deduction amounts) and link their PAN and Aadhaar cards in order to enable electronic verification.
Learn MoreRead the customer reviews on Google and other social media platforms. Look for an insurer with a high claim settlement ratio, low complaint numbers, and positive online reviews.
Learn MoreThe filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption limit. According to the Old Tax Regime, the basic exemption limit is still Rs 2.5 lakh for general taxpayers under 60 years of age.
Learn MoreNRIs can claim a GST refund on insurance premiums, which makes purchasing Indian policies more affordable
Learn MoreThe Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is designed for individuals and Hindu Undivided Families (HUFs) who do not have any business or professional income.
Learn MoreThe Insurance Regulatory and Development Authority of India (IRDAI) reported that 11% of health insurance claims were denied in FY24, totalling ₹26,000 crore in repudiated claims.
Learn MoreFile your updated Income Tax Return (ITR-U) before March 31, 2025, to correct omissions or errors and avoid penalties. Learn more about filing, deadlines, and additional tax liabilities.
Learn MoreTerm insurance plays the vital role of a safety net and ensures one's loved ones are protected in the absence of the primary bread earner.
Learn MoreWhile pre-existing medical conditions may lead to premium loading or coverage restrictions, being transparent about one’s medical history is essential to avoid claim denials later.
Learn MoreUnderstanding the pros and cons of each option ensures you make a strategic decision that aligns with your financial future.
Learn MoreTo support property owners, the government provides various tax benefits on let-out properties, which can be used by the taxpayers to reduce their overall taxable income.
Learn MoreHere are the top five reasons why women need term life insurance in 2025.
Learn MoreThe Income Tax Department has recently released a new brochure highlighting how clubbing of income provisions is applicable for individual taxpayers.
Learn MoreStarting January 2025, lenders must update credit records every 15 days instead of once a month. As a result, financial activities will appear on your credit report sooner.
Learn MoreIf you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.
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