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…
Business Loan: Key documents needed to secure financing
Securing a business loan in India necessitates the submission of specific documents that help lenders assess your creditworthiness, business stability, and financial health. Being well-prepared with the required documentation can…
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,…