Advance Tax Payment: Step-by-Step Guide to Calculate and Pay Online
When taxpayers' tax liability in a financial year exceeds a certain amount, they are required to pay tax in advance rather than wait until the end of the year. This…
Dividend Distribution Tax (DDT): Meaning, Rates and Calculations
Dividend-paying stocks, mutual funds, and ULIPs are popular ways for investors to generate a stream of regular income. Before 2020, dividend income was tax-free in the hands of investors because…
How to Claim Tax Benefits on Mutual Fund (ELSS)?
Section 80C of the Income Tax Act allows investors to claim a deduction of up to Rs. 1.5 lakh per financial year on investments such as the Public Provident Fund,…
How to Avoid LTCG Tax on Mutual Funds
The 2024 Union Budget introduced some significant changes to the taxation system. One of the most notable changes among them is the revision of the Long-Term Capital Gains and Short-Term…
Tax Exemption on Fixed Deposits 2025: A Guide to Financial Benefits
Over the years, fixed deposits have remained one of investors’ top choices for generating a regular income stream. Offered by banks and non-banking financial corporations, fixed deposits offer near-guaranteed returns,…
Tax Benefits of Trust Fund: What You Need to Know
People plan their succession to ensure their wealth is passed on smoothly and according to their wishes. Estate or succession planning is a part of financial planning that concerns this…