#PPF Return Calculator

[atulksposts]

Discover the power of the Public Provident Fund (PPF) and its calculator for secure savings. Plan your future with ease, estimating potential returns and making informed investment decisions. The calculator simplifies complex calculations, empowering goal setting and understanding compound interest. Learn about tax benefits, guaranteed returns, and flexible investment options. Utilize the PPF calculator for different scenarios, finding the right strategy for your financial goals. Start your PPF journey today for a secure financial future.

[dailyfinancial]

How PPF’s 7.1% Interest Rate Can Build Your ₹40 Lakh Corpus by 2040

PPF : Unravel its meaning, 7.1% interest rate, and tax-free benefits! Learn how to maximize returns, build wealth, and secure your future with this government-backed scheme. Dive into our guide for expert tips and the latest PPF insights! The Public Provident Fund (PPF) is one of India’s most trusted and popular long-term investment options, offering a unique blend of safety, tax benefits, and…

[mintycents]

Stay updated on the PPF interest rate for 2025! Explore expected rate changes, benefits, and how it impacts your savings. Plan your investments wisely.

[bankofmaharashtra]

Understanding PPF Account Interest Rate and Withdrawal Rules

When it comes to reliable, long-term investment options in India, the Public Provident Fund (PPF) stands out. Not only is it backed by the government, but it also offers tax benefits and guaranteed returns. This article will help you understand the PPF account interest rate, the current PPF interest rate, and all the key PPF withdrawal rules in a simple and practical manner.

Let’s get started.

What is the current PPF interest rate?

At present, the current PPF interest rate is 7.1% per annum. This rate is reviewed every quarter by the Ministry of Finance, but it has remained unchanged for a while now. It is one of the most attractive interest rates among low-risk, government-supported schemes.

The interest is calculated monthly but credited to your account only once a year, at the end of the financial year. The calculation is done on the lowest balance between the 5th and the last day of each month. So, if you’re planning to deposit money, doing it before the 5th of the month can ensure that you get interest on the full amount for that month.

How is the PPF account interest rate beneficial?

The PPF account interest rate is compounded annually, which means your returns grow faster over time. It’s especially beneficial for long-term savers. For instance, if you deposit ₹1.5 lakh every year for 15 years, you could end up with a corpus of over ₹40 lakh, thanks to the power of compounding.

Since the scheme follows an Exempt-Exempt-Exempt (EEE) tax structure, you do not pay any tax on your deposit, the interest earned, or the final maturity amount. This makes it one of the few investment tools that offer such complete tax benefits.

What are the PPF withdrawal rules?

Understanding PPF withdrawal rules is important if you’re planning to use this scheme for future goals like education, marriage, or emergencies. Here’s a detailed look at how and when you can withdraw your money.

No withdrawals allowed in the first five years

You are not allowed to make any withdrawals for the first five financial years after opening your PPF account. This ensures that your savings remain untouched for a considerable period and helps build long-term financial discipline.

Partial withdrawals allowed from the 7th year

Starting from the 7th financial year, you can withdraw a portion of your PPF balance. The maximum amount you can withdraw is 50% of the balance, and it is calculated based on either the fourth year’s closing balance or the immediate previous year’s closing balance, whichever is lower. Only one partial withdrawal is allowed per financial year.

Full withdrawal after 15 years

Once your PPF account completes its 15-year term, you are allowed to withdraw the full amount, including interest. This withdrawal is completely tax-free. You can choose to close the account or extend it further.

Premature closure in special cases

Premature closure of the PPF account is allowed only after five years and only under specific conditions. These include serious illness, higher education needs, or other documented financial emergencies. However, premature closure comes with a 1% reduction in the interest earned.

Can you extend your PPF account after 15 years?

Yes, after the initial 15-year term, you can choose to extend your PPF account in blocks of five years. There are two options available for extension:

If you decide to continue without making any further deposits, your account will continue to earn interest, and you can make one withdrawal every financial year.

If you want to continue depositing money, you must submit a specific request within one year from the date of maturity. You can then continue earning interest and also withdraw up to 60% of your balance during t\he five-year block, in installments.

Tips to get the most out of your PPF account

To make the most of your investment, always try to deposit before the 5th of each month. That way, your money earns interest for the full month. If you are financially able, investing the entire annual limit of ₹1.5 lakh at the beginning of the financial year will give you the maximum benefit of compounding.

It’s also wise to align your PPF maturity with important financial goals, such as your child’s college education or your retirement. Since the maturity amount is tax-free, it can serve as a strong support system during major life events.

Why is PPF still a smart choice today?

The combination of guaranteed returns, tax benefits, and low risk makes the Public Provident Fund one of the best savings options in India today. The current PPF interest rate of 7.1% is higher than most savings accounts and many fixed deposits, especially when you factor in the tax benefits.

Unlike market-linked instruments, PPF is unaffected by stock market volatility, which makes it ideal for conservative investors and those seeking financial security over the long term.

Conclusion

If you’re looking for a safe, long-term investment that offers attractive interest and complete tax benefits, a PPF account should be high on your list. Knowing the PPF account interest rate, keeping up with the current PPF interest rate, and being aware of PPF withdrawal rules can help you plan your financial future with confidence and clarity.

For those considering opening a PPF account, Bank of Maharashtra offers a seamless experience, expert support, and a dependable platform to help you manage your savings efficiently. Whether it’s your first investment or part of a broader portfolio, PPF through Bank of Maharashtra is a secure and rewarding choice.

[sandipvarmani]

Saving vs Investing: Why Understanding the Difference Matters

By Sandip VirmaniJune 27, 2025blogs

When it comes to managing your money, it’s important to know the difference between saving and investing. While both are useful, they serve different purposes depending on your goals, time frame, and comfort with risk. This article explains the key distinctions and how you can consider using both in your financial journey.

💰 What is Saving?

Saving typically means setting aside money for short-term needs, emergencies, or specific upcoming expenses. Savings are usually held in low-risk instruments such as:

Fixed Deposits (FDs)

Recurring Deposits (RDs)

Savings accounts

These options are generally preferred for:

Meeting short-term goals

Having quick access to funds

Maintaining stable and predictable value

FDs offer a fixed rate of interest, which can be calculated using an FD calculator. However, over longer periods, returns from savings instruments may be lower than inflation.

📈 What is Investing?

Investing refers to deploying money into market-linked instruments such as:

Mutual Funds

Systematic Investment Plans (SIPs)

Stocks and equity-linked products

Investments are suitable for those who:

Have a longer investment horizon

Are comfortable with market-linked fluctuations

Wish to participate in the growth potential of capital markets

Returns in investments are not fixed or guaranteed, and values may go up or down depending on market performance.

🔍 Saving vs Investing: Key Differences

FeatureSavingInvestingPurposeShort-term / Emergency fundsLong-term financial goalsRiskLowMarket-linked (Varies)ReturnFixed rateMarket dependentLiquidityHighVaries by productExampleFixed DepositSIP in Mutual Funds

📊 Why Both May Be Useful

Savings can be maintained for emergencies or short-term needs

Investments can be considered for long-term goals, such as retirement, education, etc.

Using both strategies as per your needs may help you stay financially prepared.

🔄 Common Comparisons (Informational Only)

Below are neutral comparisons of popular options. Actual suitability depends on individual requirements and preferences:

SIP vs FD: SIPs are market-linked and may offer variable returns. FDs offer fixed returns.

SIP vs RD: RDs offer fixed interest, while SIPs invest in mutual funds.

FD vs Mutual Funds: One is fixed income; the other is market-based.

SIP vs PPF: PPF is a government-backed savings option; SIPs are mutual fund-based.

SIP vs Lump Sum: SIPs spread investment over time; lump sum is a one-time investment.

Before choosing, it’s important to understand the risk, liquidity, and nature of each option.

🚀 SIP: A Convenient Way to Invest Regularly

Systematic Investment Plan (SIP) is a method that allows you to invest a fixed amount regularly into mutual fund schemes. This approach helps in:

Investing in a disciplined manner

Spreading investments over time

Participating in market movements gradually

You may also explore tools like SIP calculators to understand how regular contributions work over time.

📤 SWP: Systematic Withdrawal Plan

SWP allows you to withdraw a fixed amount periodically from your existing mutual fund investments. It may be used for:

Planning regular withdrawals

Managing post-retirement cash flows

The withdrawal amount and frequency can be selected as per your preference. You may use an SWP calculator to understand how it works.

💡 Things to Keep in Mind

Keep some amount in savings for emergencies

Use SIPs for long-term investment goals

SWP can help you manage regular withdrawals from your investment

Ensure a balance between stability (savings) and growth potential (investments)

📌 Important Note

Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.

✅ Final Thoughts

Savings help in managing short-term needs, while investments are aimed at participating in long-term growth opportunities. The right mix depends on your personal financial goals, time horizon, and comfort with market movements.

Start small if needed, and stay consistent. Always ensure your transactions are made in your own name through authorised mutual fund platforms.

[iamarketinginsight]

Mastering Compound Interest: The Secret to Long-Term Wealth

 Albert Einstein reportedly called compound interest the "eighth wonder of the world"—and for good reason. It’s a powerful financial principle that can turn modest savings into significant wealth over time. Whether you’re just starting your financial journey or looking to optimize your strategy, understanding how compound interest works is key to long-term success.

What Is Compound Interest?

Compound interest is interest earned on both the initial principal and the accumulated interest from previous periods. Unlike simple interest, which is only calculated on the principal, compound interest grows exponentially over time.

In short: You earn interest → that interest earns interest → repeat.

How It Works: A Simple Example

Imagine you invest ₹10,000 at an annual interest rate of 10%, compounded yearly.

After 1 year: ₹10,000 + ₹1,000 = ₹11,000

After 2 years: ₹11,000 + ₹1,100 = ₹12,100

After 10 years: Over ₹25,900

After 20 years: Nearly ₹67,300

The growth is slow at first, but the magic happens over time—the longer your money compounds, the faster it grows.

The Key Factors That Influence Compound Interest

Principal: The more you invest upfront, the greater the compounding effect.

Rate of Return: Higher interest or return rates accelerate growth.

Time: Time is the most powerful element—compound interest rewards patience.

Frequency of Compounding: Interest compounded monthly grows faster than yearly.

Why It’s the Secret to Long-Term Wealth

Passive Growth: Your money grows without you actively doing anything.

Inflation Hedge: Long-term compounding often outpaces inflation.

Wealth Accumulation: It turns small, consistent contributions into large sums.

Example: Investing ₹5,000/month for 30 years at 10% annual return results in ₹1.13 crore+—thanks to compounding.

How to Make Compound Interest Work for You

Start Early – Even small amounts add up significantly over time.

Be Consistent – Contribute regularly to savings and investments.

Reinvest Earnings – Don’t withdraw interest; reinvest it to compound further.

Use Tax-Advantaged Accounts – Maximize growth by minimizing taxes (e.g., PPF, EPF, Roth IRA).

Avoid Debt – Compound interest works against you with high-interest debt like credit cards.

𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞: https://financialtechnologyinsights.com/

[safe-money]

ITR Filing 2025: How Salaried Taxpayers Can Maximise Their Refunds

For some salaried taxpayers, the tax return season may feel like a chore, yet it is also one of the few chances to get some money back, especially if too much tax was deducted over the year. With the ITR filing window now open for ITR 1 and ITR 4, this is a crucial time for salaried employees to know how they can maximise their refunds this year.

Not always but sometimes there’s a real possibility that you have overpaid taxes, without even realising it. This usually happens when your employer deducts more tax than required or when you forget to account for deductions that never made it into your Form 16. It could be rent receipts you didn’t submit on time, a last-minute ELSS investment, or home loan interest that didn’t get factored in. Whatever the case, filing your return is how you claim that excess tax back.

What Triggers a Refund?

There are a few common scenarios where salaried people end up paying more tax than necessary:

You have changed jobs during the year and both employers deducted tax assuming you had no other income

You invested in tax-saving instruments late but after the declaration deadline

Deductions were not submitted to the employer, so your full exemption was not considered

You paid advance tax or self-assessment tax based on an overestimated liability

The bottom line for this is if any of the above happened to you, you will likely get a refund, but only if you file your income tax return.

Which Tax Regime Should You Pick?

There’s no individual answer to this question since it’s not a one-size-fits-all decision anymore. The old regime allows you to claim deductions for everything from life insurance premiums to housing loan interest and children’s tuition fees. The new regime offers lower slab rates but no deductions.

If you have made a bunch of investments and paid rent, the old regime might work out better. If not, the new one could be simpler and lighter.

What should you do?

Use a tax calculator that lets you compare both regimes after entering your actual numbers, not assumptions. Don’t just go by what your colleagues are doing.

Says Sujit Sudhakar Bangar, founder, TaxBuddy.com, “This year the new tax regime is the default tax regime. Therefore, if you don’t select the old tax regime, the new regime would be applied by default. Therefore, one needs to be very cautious while selecting the appropriate tax regime. Wrong selection of tax regime would directly have an impact on enhanced tax outgo and reduced refunds.”

How To Maximise Your Refunds This Year?

Bangar notes that the best possible hack for salaried employees to maximise their refund is restructuring of CTC. “You can request your employer to put a certain portion of CTC as your employer's contribution to NPS. This will benefit in the new as well as old tax regime. And in turn help maximize refund.

Moreover, you should also check for deductions you can still claim. One of the most common mistakes people make is assuming that if it wasn’t declared to the HR team, it’s gone. That’s not true. When you file your return (under old tax regime), you can still claim:

80C deductions (up to Rs 1.5 lakh) which include PPF, EPF, ELSS, LIC, home loan principal, NSC, Sukanya Samriddhi

80D for health insurance for self and family, and even parents (senior citizens get higher limits)

24(b) home loan interest, up to Rs 2 lakh

HRA even if rent was not declared earlier, you can still claim it now

80G if you have donated to recognised organisations

80E education loan interest (no limit)

Interest on savings accounts up to Rs 10,000 under 80TTA

For documentation support to claim these deductions, you should through your bank statements, insurance receipts, rent agreements, and donation acknowledgements.

Reconcile All Your Income

If you have more than one employer, make sure to consolidate salaries from both. Each employer may have deducted TDS assuming they are your only one. When combined, your total income might push you into a higher slab, so it is on you to fix that while filing.

Also, check Form 26AS and the Annual Information Statement (AIS). These documents show all income reported to the tax department by banks, employers, and mutual funds. If something is missing in your return but shows up in these records, your refund might get delayed, or worse, you might get a notice.

Declare Even Exempt or Miscellaneous Income

Some kinds of income, like interest from savings accounts or tax-free PPF withdrawals, might be exempt, but you still need to report them. Same goes for dividend income, which is taxable beyond Rs 5,000 now, and capital gains from mutual funds. Declare all of it, clearly.

File Early

There is no upside to waiting. This year, the income tax department has extended the ITR filing deadline to September 15, 2025. With ample time to get your proofs and deduction claims together, you should try to file the ITR before the due date. Filing late returns may attract penalties from the taxman. Moreover, you can’t carry forward certain losses if you file after the deadline.

More importantly, the sooner you file, the sooner your refund arrives.

Source Link: https://www.outlookmoney.com/tax/itr-filing-2025-how-salaried-taxpayers-can-maximise-their-refunds

Website Link: https://www.taxbuddy.com/ 

[tdssections]

Income Tax Return Filing in Dwarka by Vatspk – Simplify Your Tax Filing Today

Income Tax Return Filing in Dwarka by Vatspk

Filing your Income Tax Return (ITR) on time is more than a legal obligation—it’s a crucial step toward responsible financial planning. If you're located in Dwarka and seeking expert assistance, Vatspk is your go-to solution for Income Tax Return Filing in Dwarka.

With years of experience, a team of certified tax professionals, and a client-centric approach, Vatspk ensures that your ITR filing is hassle-free, accurate, and compliant with the latest government regulations.

Why Income Tax Return Filing is Important

Income Tax Return filing offers several benefits beyond avoiding penalties:

Claiming tax refunds for excess deductions

Proof of income for loans and visa applications

Carrying forward losses to future years

Establishing financial credibility

Who Needs to File an Income Tax Return?

You must file your ITR if:

Your gross income exceeds the exemption limit (₹2.5 lakh for individuals under 60)

You earned foreign income

You have investments in foreign assets

You want to claim a refund

You're a company, LLP, or partnership firm, regardless of income level

Why Choose Vatspk for ITR Filing in Dwarka?

At Vatspk, we understand that tax compliance can be overwhelming. Our expert team streamlines the process with:

✅ Personalized Tax Planning ✅ Quick e-Filing with Acknowledgment ✅ Affordable Pricing Packages ✅ Assistance with Notices and Rectifications ✅ PAN-Aadhaar Linking, TDS Queries, and More

Whether you're a salaried employee, a freelancer, or a business owner in Dwarka, Vatspk tailors ITR filing services to suit your needs.

Documents Required for ITR Filing

To file your ITR through Vatspk, you'll need:

PAN Card & Aadhaar Card

Form 16 (for salaried individuals)

Bank Statements & Interest Certificates

Investment Proofs (LIC, PPF, ELSS, etc.)

Rental Income or Property Details

Capital Gains Details (if any)

TDS Certificates

Our ITR Filing Process at Vatspk

Initial Consultation – We understand your income sources and tax profile

Document Collection – Easy upload via email or secure portal

Computation & Verification – We calculate your taxes and get your approval

Online Filing & Acknowledgment – Return is filed and confirmation sent

Post-filing Support – Assistance with refund tracking or corrections

Affordable Pricing Plans

We offer transparent pricing starting from as low as ₹499/- for salaried individuals. Custom packages available for businesses, NRIs, and freelancers.

Frequently Asked Questions (FAQs)

Q1. Why should I file my Income Tax Return through Vatspk in Dwarka?

Ans: Vatspk offers expert tax advisory, fast filing, and complete compliance support. Our Dwarka-based experts make sure your return is filed accurately with zero stress.

Q2. Can Vatspk help me file past-year or belated returns?

Ans: Yes. Vatspk can help you file belated returns, revise returns, or respond to IT department notices effectively.

Q3. What if I miss the ITR filing deadline?

Ans: Missing the deadline attracts a late fee under Section 234F and may result in loss of refund claims or inability to carry forward capital losses.

Q4. Is physical presence required to file ITR with Vatspk?

Ans: No. Vatspk offers 100% online ITR filing. You can share documents digitally, and our team will manage everything remotely.

Q5. Do you also assist with business or GST returns?

Ans: Absolutely. Vatspk provides GST filing, TDS returns, business tax compliance, and accounting services in addition to ITR filing.

Contact Vatspk Today!

Make your Income Tax Return Filing in Dwarka fast, secure, and simple. Contact Vatspk today and leave your tax worries to us!

[sunalimerchant123]

How to File Income Tax Return Online in India (2025 Guide)

Filing your Income Tax Return (ITR) is an annual financial responsibility for all earning individuals and businesses in India. With advancements in digital infrastructure, the Government of India has made the process of filing an ITR more streamlined and user-friendly. In 2025, e-filing continues to be the most efficient method to report your income, claim deductions, and pay any outstanding taxes.

This comprehensive guide will walk you through the process of filing your Income Tax Return online in India, making tax season less daunting and more manageable.

📋 What is an Income Tax Return?

An Income Tax Return is a form used to declare your income, expenses, exemptions, and tax liabilities to the Income Tax Department of India. Every individual or entity earning income during a financial year is required to file an ITR, depending on their total income and category.

Filing your ITR on time ensures you remain compliant with the law, avoid penalties, and are eligible to claim tax refunds, if applicable.

🧾 Documents Required for ITR Filing

Before you begin filing your Income Tax Return, gather the following documents:

PAN Card

Aadhaar Card

Form 16 from your employer (for salaried individuals)

Form 26AS (Tax Credit Statement)

Bank account details

Investment proof for deductions under sections like 80C, 80D, etc.

Details of capital gains, rental income, and business income if applicable

🖥️ Step-by-Step Process to File ITR Online in 2025

Step 1: Register/Login to the Income Tax e-Filing Portal

Visit the official portal: https://www.incometax.gov.in Use your PAN as your User ID to log in. First-time users will need to register.

Step 2: Choose the Right ITR Form

The ITR form you select depends on your income sources. Here are common ones:

ITR-1 (Sahaj) – For salaried individuals with income up to ₹50 lakh

ITR-2 – For individuals with capital gains or foreign assets

ITR-3 – For professionals or those with business income

ITR-4 (Sugam) – For presumptive income under sections 44AD/ADA

Step 3: Prefill and Verify Details

After selecting the form, most of your data (PAN, salary, TDS, bank details) will be auto-filled. Cross-check every detail carefully to avoid errors.

Step 4: Declare Income and Claim Deductions

Add any additional income (interest, rental, freelance work, etc.) and claim deductions under various sections such as:

80C – Investments in PPF, ELSS, LIC, etc.

80D – Health insurance premiums

80E – Interest on education loan

80G – Donations to charities

Step 5: Calculate Tax Liability

Once all income and deductions are filled, the system auto-calculates your tax liability. If you owe taxes, pay them using the “e-Pay Tax” facility.

Step 6: Submit and E-Verify Your Return

After final review, submit your Income Tax Return. Then complete e-verification using one of the following methods:

Aadhaar OTP

Net banking

Bank account EVC

Demat account verification

E-verification is mandatory for your ITR to be processed.

⏰ Important Deadlines for FY 2024-25

Due Date for Individuals: July 31, 2025

With Audit (Businesses/Professionals): October 31, 2025

Filing after the due date attracts late fees and interest.

✅ Benefits of Filing Income Tax Return

Claim refunds on excess TDS paid

Serve as proof of income for loans or visa applications

Avoid penalties for non-compliance

Carry forward capital losses

Build a clean financial record

🔚 Conclusion

Filing your Income Tax Return online in India has become a fast, paperless process thanks to government digital initiatives. By following the right steps and ensuring accurate declarations, you can file your ITR with ease and on time. Whether you're a salaried employee, freelancer, or business owner, staying tax-compliant not only saves you from penalties but also unlocks a host of financial advantages.

Start early, verify all details, and file your Income Tax Return before the deadline to enjoy a stress-free tax season in 2025.

[atulksposts]

This blog explores PPF investment and how to maximize your returns. It explains PPF calculators and their benefits. With a provided formula, it showcases how to calculate maturity amount. Strategies like early and regular investment, maximizing contributions, and extending tenure are recommended. Remember, PPF interest rates are subject to change, and consult a financial advisor before making any decisions.

[daassociate]

Income Tax Act Section 115BAC: A Closer Look at the New Tax Regime

The Indian tax system witnessed a significant reform with the introduction of Section 115BAC in the Income Tax Act. Aimed at simplifying tax calculations and offering relief to taxpayers, this section presents an optional new tax regime with concessional tax rates. While the intention is to reduce the tax burden, taxpayers must forego several deductions and exemptions under this regime. Let’s explore what Section 115BAC entails, who it benefits, and how it compares to the old tax regime.

What is Section 115BAC?

The income tax act section 115BAC was introduced by the Finance Act, 2020, and became effective from the assessment year 2021–22 onwards. It offers individuals and Hindu Undivided Families (HUFs) an optional alternative to the traditional income tax regime. Under this section, taxpayers can choose to pay tax at lower slab rates but must opt-out of most exemptions and deductions available in the old regime.

Tax Slabs Under Section 115BAC (AY 2024–25 Onwards)

Here are the tax slabs applicable under the new regime: Annual Income (₹)Tax RateUp to ₹3,00,000Nil₹3,00,001 – ₹6,00,0005%₹6,00,001 – ₹9,00,00010%₹9,00,001 – ₹12,00,00015%₹12,00,001 – ₹15,00,00020%Above ₹15,00,00030%

Note: A rebate under Section 87A is available for income up to ₹7,00,000 under the new regime, meaning no tax liability for individuals earning below this threshold.

Key Features of Section 115BAC

It is optional and taxpayers can choose the regime best suited to their financial situation.

You cannot claim most deductions/exemptions like Section 80C, HRA, standard deduction, etc.

The standard deduction of ₹50,000 has been reintroduced under the new regime (from AY 2024–25).

You can switch every year if you are a salaried individual. However, individuals with business income can opt in and out only once.

Deductions and Exemptions Not Allowed Under 115BAC

If you opt for Section 115BAC, you forgo the following deductions/exemptions:

Section 80C (e.g., LIC, ELSS, PPF, tuition fees)

Section 80D (medical insurance premiums)

HRA (House Rent Allowance)

LTA (Leave Travel Allowance)

Home loan interest (Section 24)

Professional tax deduction

Most allowances and perquisites

Allowed deductions under 115BAC:

Employer’s contribution to NPS (80CCD(2))

Rebate under Section 87A (for income up to ₹7 lakh)

Standard deduction of ₹50,000 (reintroduced from FY 2023–24)

Who Can Opt for Section 115BAC?

Eligible taxpayers:

Individuals (both resident and non-resident)

Hindu Undivided Families (HUFs)

Not eligible: Companies, LLPs, partnership firms, and AOPs.

Income Tax Act Section 115BAC for NRIs

Non-Resident Indians (NRIs) are also eligible to opt for the new tax regime under Section 115BAC. However, the applicability depends on their income sources in India. NRIs typically do not claim many exemptions, so this regime could be beneficial. However, those with Indian property income or investments that offer deductions may benefit more from the old regime.

Advantages of Opting for Section 115BAC

Simplified tax filing process

Lower tax rates for those who don’t invest in tax-saving schemes

No need to maintain documents for deductions/exemptions

Better suited for young professionals, gig workers, and NRIs with limited Indian income

Disadvantages of Section 115BAC

Loss of popular tax benefits like Section 80C and HRA

Not ideal for those with housing loans or high medical expenses

Less tax-efficient for people with significant deductions

How to Opt for the New Tax Regime

Salaried individuals: Can choose the regime while filing their Income Tax Return each year.

Individuals with business/professional income: Must file Form 10-IE before the ITR filing due date. Switching back is allowed only once.

Final Thoughts

Section 115BAC gives taxpayers a flexible option to choose between two tax regimes. It’s important to evaluate your income, eligible deductions, and future financial goals before opting in. If you don’t claim many exemptions, the new regime could help you save money. However, if you rely heavily on deductions, sticking with the old regime might be wiser.

[moneyisleseo]

Brokerage Charges Online with Refer and Earn Demat Account

India’s financial landscape is evolving fast, and with digital platforms making investments more accessible, even first-time investors can start their journey with ease. Whether you’re exploring stock market blogs for beginners, comparing mutual funds, or checking brokerage charges online, this guide will walk you through everything you need to know — including how to refer and earn with a Demat account, and track your fund and security balance smartly.

Stock Market Blogs for Beginners – Learn Before You LeapStarting your investment journey can refer and earn demat account feel overwhelming, but the right information makes all the difference. Stock market blogs for beginners are a great way to understand the basics — like what are stocks, how the stock exchange works, how to read market movements, and how to pick stocks or mutual funds. Popular beginner-friendly blogs like Blog, and MoneyIsle offer easy-to-follow guides, tutorials, and case studies. These resources break down technical jargon and help you become a confident investor step by step.

Best Mutual Funds in India – Where to Start?Mutual funds are among the most popular investment choices in India today. They pool money from many investors to buy a diversified portfolio of stocks, bonds, or other securities. Some of the best mutual funds in India fall under categories like:

Large Cap Funds – for stability and consistent returns

Mid Cap Funds – for higher growth potential

ELSS (Equity Linked Saving Scheme) – for tax benefits under Section 80C

Hybrid Funds – a mix of equity and debt for balanced returns

Always check historical performance, fund manager experience, and expense ratio before investing.

SIP Plan Calculator Online – Estimate Your ReturnsInvesting in mutual funds through Systematic Investment Plans (SIPs) is a smart way to build wealth over time. A sip plan calculator online helps you estimate how much wealth you can accumulate by investing a fixed amount monthly for a specific duration. Just enter your monthly SIP amount, expected annual return rate, and investment duration — and the calculator will show your estimated maturity value. It’s an essential tool for goal-based financial planning.

Mutual Fund Return Calculator – Measure Your Investment GrowthA mutual fund return calculator goes a step further by helping you measure the actual returns on your mutual fund investments. Whether you invested via SIP or a lump sum, this calculator can show your annualized return using the XIRR method. This tool is especially helpful when you want to compare different funds or assess your portfolio's performance over the years.

 Brokerage Charges Online – Know What You’re PayingOne of the most overlooked aspects of investing is the brokerage fee — the charge you pay for buying or selling stocks. Many platforms now show brokerage charges online transparently. Look for:

Delivery charges (buy-and-hold stocks)

Intraday trading charges

Futures & options brokerage

Account maintenance fees

Brokerage Calculator – Calculate Before You TradeBefore placing any trade, it’s smart to use a brokerage calculator. These tools let you input trade type, quantity, price, and platform to calculate the exact amount you’ll pay in brokerage, taxes, and other fees. Using a brokerage calculator prevents surprises in your final payout and helps you optimize your trades for better profits.

 Types of Investments in India – Choose What Suits brokerage calculator online in india YouIndia offers a variety of investment instruments suited for every type of investor. Some major types of investments in India include:

Mutual Funds – Diversified, professionally managed, great for beginners

Stocks/Equity – Higher returns, higher risk, suitable for informed investors

Fixed Deposits (FDs) – Safe, guaranteed returns

Public Provident Fund (PPF) – Government-backed, tax-saving, long-term

Gold ETFs & Sovereign Gold Bonds – Secure hedge against inflation

Real Estate – Tangible asset, long-term returns

Each investment type has a different risk-reward ratio and time horizon. Combining them ensures a balanced portfolio.

 Refer and Earn Demat Account – Make Money Sharing Smart ToolsOne of the easiest ways to earn while helping others is through Demat account refer and earn programs. Leading stockbrokers and fintech apps in India offer rewards when you refer friends or family to open a Demat account.

Groww, Upstox, Angel One, and Zerodha offer ₹300–₹1000 per referral.

You receive your reward once the person completes KYC and places their first trade.

Some platforms even provide referral dashboards to track your earnings.

This is a great passive income opportunity for finance enthusiasts and influencers.

Fund Balance and Security Balance – What’s the Difference?Understanding your fund balance and security balance in your trading account is crucial.

Fund Balance: This is the cash  Best Mutual Funds plan in India amount available in your trading account. It can be used to buy new shares, pay brokerage, or withdraw to your bank account.

Security Balance: This represents the current value of your holdings in shares, ETFs, or mutual funds. It's your investment portfolio's worth.

Keeping track of both ensures better cash flow management and prevents unnecessary delays during trading.

 Best Investment Plan in India – Final ThoughtsThe best investment plan in India depends on your financial goals, age, income, and risk appetite. For most beginners and young professionals, a combination of:

SIPs in mutual funds

PPF for long-term tax-free returns

Index funds for low-cost market exposure

ELSS for tax savings

Digital gold or fixed deposits for safety

…can create a well-rounded and future-ready investment strategy.

 Conclusion Today, investing is no longer a share market in india today privilege for the wealthy it's a habit that anyone can build. Whether you're just starting out or looking to optimize your portfolio, tools like SIP calculators, brokerage calculators, and mutual fund apps make it easier than ever. And with refer and earn Demat account programs, you can earn extra while helping others start their financial journey.

[jazzlrsposts]

10 Hidden Facts about Bank Returns

Let’s be honest — when it comes to managing money, most of us in India still have a lot of faith in our banks. Fixed deposits, savings accounts, recurring deposits — these have been the go-to investment choices for generations.

Why? Because they feel safe. Familiar. Risk-free.

But here's the catch — while banks are excellent for storing your money, they’re not always upfront about what you're actually earning in return. There are a lot of little things about “returns” that banks won’t bring up unless you ask the right questions.

In this blog, we will break down the 10 things about returns that banks rarely, if ever, tell you. If you care about growing your wealth and not just saving it, keep reading — this might just change the way you look at your money.

 

1. What You See (on Paper) Isn't What You Get (in Reality)

Banks will tell you your FD gives you 6.5% interest. Sounds decent, right?

But after accounting for inflation and tax, your real return might be closer to 2% or even less.

Think about it — if your money grows at 6.5% but the cost of living increases by 6% a year, are you really getting ahead?

Nope. You're just about breaking even. This is the part banks quietly skip.

 

2. The Taxman Takes His Share — But Banks Don’t Warn You

Here's something most people don’t realise until it's too late — the interest you earn from fixed deposits and savings accounts is fully taxable.

So if you're in the 20% or 30% tax bracket, your 7% FD could effectively earn you just 4.9% or even lower.

Banks never mention this when you open an FD. It's up to you to calculate your post-tax return.

 

3. Your Savings Account Interest is... Meh

Ever noticed how you barely earn anything from your savings account? That’s because the average interest is around 3-4% — and that too on your average monthly balance, not the full amount.

So if you thought your ₹1 lakh would give you a good monthly return — it won’t. You might earn just a few hundred rupees per month. Nothing life-changing.

 

4. They Won’t Compare Themselves With Better Options

Why would they? Banks won’t tell you that investing in a PPF, mutual fund, or RBI bond might give you better returns with similar or better safety.

Their job is to sell their own products — not guide you to the best possible investment out there.

So unless you do the research, you’ll probably end up missing out on smarter choices.

 

5. Breaking Your FD? Say Goodbye to Full Returns

Most people think they can withdraw their FD any time. And yes, you can — but you’ll probably lose out on the promised interest rate.

Banks charge a penalty or adjust your interest rate downward if you withdraw early. That 7% could suddenly become 5.5%.

Ask your bank about this before you lock in your money.

 

6. The Interest Rates They Show You? Not for Everyone

Here’s a sneaky one — the “attractive” FD rates advertised outside the branch or on the website? They often apply only to specific tenures like 5 years.

So if you’re planning to open a 1-year FD, you might get a lower rate. But unless you ask, they won’t mention it.

Always check what rate applies to the exact tenure you’re choosing.

 

7. How Interest Is Compounded Matters (But They Don't Tell You That)

You might have seen this term: "Interest compounded quarterly". Sounds technical, right?

But it makes a big difference.

If Bank A compounds interest quarterly and Bank B does it annually, your money grows faster with Bank A — even if both offer the same rate.

Banks don’t really explain this unless you dig deep. But it affects your final return.

 

8. Auto-Renewal = Lazy Returns

Most people forget to close or reinvest their FD when it matures. So what do banks do?

They automatically renew it — sometimes at a much lower rate than what you originally signed up for.

No reminders, no advice, nothing.

So you could end up locking your money at a poor rate for years without realising it.

 

9. They Don’t Mention Government Schemes That Beat FDs

There are government-backed schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), and Senior Citizens Savings Scheme (SCSS) that offer better returns, tax benefits, and more safety.

But your bank won’t highlight these unless you specifically ask — because they don’t earn commissions on them the way they do with their own products.

Sad but true.

 

10. Banks = Safe. But Safe Isn’t Always Smart

Don’t get me wrong — banks are great for parking emergency funds. But when it comes to building wealth?

You have to think beyond savings accounts and FDs.

If you’re not at least partially invested in mutual funds, equity, or long-term tax-saving instruments, you’re leaving money on the table.

Banks won’t tell you this, because it’s not in their business interest to do so. But if you want your money to actually grow, you need to explore more.

 

So, What Should You Do?

Let’s quickly recap:

Calculate post-tax returns

Beat inflation, not just earn interest

 Explore alternatives like PPF, mutual funds, and RBI bonds

Avoid auto-renewal traps

 Ask your bank the right questions

Don't get stuck in the "safe but slow" mindset. It’s time to get smart with your money — because if you don’t take charge of your finances, someone else will (and they probably won’t have your best interests in mind).

[vimalkumar]

Ultimate Checklist for Filing Your Income Tax Return in Kolkata

Introduction

Filing your Income Tax Return in Kolkata is a crucial financial responsibility that ensures legal compliance, financial transparency, and access to various benefits such as refunds and loans. Whether you are an individual taxpayer or a business owner, understanding the process and requirements can save you from penalties and help you maintain financial discipline. This comprehensive checklist will guide you through every step of filing your income tax return smoothly and accurately.

Why Filing Your Income Tax Return in Kolkata Matters

Filing your Income Tax Return in Kolkata is mandatory for individuals and businesses earning above the basic exemption limit. It helps you:

Comply with legal requirements

Claim deductions under Sections 80C, 80D, and others

Access tax refunds and financial benefits

Avoid penalties and interest on late filing

Maintain financial discipline and support economic growth

Timely filing also ensures you can avail of loans and financial products without hassle.

Preparation Before Filing Your Income Tax Return

Gather Essential Documents

Before you start filing, collect the following documents:

PAN Card (Permanent Account Number)

Aadhaar Card

Form 16 (issued by the employer)

Bank statements and interest certificates

Investment proofs for tax-saving deductions (e.g., ELSS, PPF)

Details of other income sources (rental income, capital gains)

Previous year’s Income Tax Return copy

TDS certificates (Form 26AS)

Verify Your PAN and Aadhaar Linking

Ensure your PAN is linked with your Aadhaar to avoid any filing issues. This is mandatory for filing returns electronically.

Step-by-Step Guide to Filing Your Income Tax Return in Kolkata

Step 1: Access the Official Income Tax Portal

Log in to the official Income Tax Department e-filing website using your PAN as the user ID.

Step 2: Select the Appropriate ITR Form

Choose the correct Income Tax Return form based on your income sources:

ITR-1 (Sahaj) for individuals with income up to ₹50 lakh from salary, one house property, and other sources

ITR-2 for individuals with income from capital gains, more than one house property, etc.

ITR-3 for business or professional income

Most salaried individuals in Kolkata file using ITR-1.

Step 3: Fill in Personal and Income Details

Enter your details, income from salary, house property, capital gains, and other sources. Use the pre-filled data provided by the portal, but verify its accuracy.

Step 4: Claim Deductions and Exemptions

Claim eligible deductions under sections such as 80C (investments), 80D (medical insurance), and others to reduce your taxable income.

Step 5: Calculate Tax Liability and Pay Dues

Review your tax computation. If there is any tax payable, make the payment through the portal’s e-payment gateway before submitting your return.

Step 6: Submit and Verify Your Return

Submit your return online. You can e-verify using Aadhaar OTP, net banking, or by sending a signed ITR-V form to the Centralized Processing Center in Bengaluru.

Common Mistakes to Avoid While Filing Income Tax Return in Kolkata

Using Incorrect ITR Forms

Filing with the incorrect form can result in rejection or penalties. Always select the form that matches your income profile.

Missing the Filing Deadline

The due date is usually July 31st of the assessment year. Late filing attracts penalties and interest.

Incomplete or Incorrect Information

Double-check all details, including PAN, bank account numbers, and income figures, to avoid processing delays.

Tips for Smooth and Efficient Income Tax Return Filing

Use Online Tools and Apps

Several platforms, including the official portal and third-party services, offer easy-to-use interfaces for uploading Form 16 and filing returns.

Keep Digital and Physical Copies

Maintain copies of your filed returns and acknowledgment receipts for future reference and loan applications.

Consult Tax Experts if Needed

If your income sources are complex or you have doubts, seek advice from Chartered Accountants or tax professionals in Kolkata for accurate filing.

Benefits of Timely Income Tax Return Filing in Kolkata

Faster processing of refunds

Easier loan approvals and visa processing

Avoidance of legal penalties and scrutiny

Improved credit score and financial credibility

Summary Checklist for Filing Your Income Tax Return in Kolkata

Collect all required documents (PAN, Aadhaar, Form 16, bank statements)

Link PAN with Aadhaar

Log in to the official Income Tax e-filing portal

Select the correct ITR form

Fill in accurate income and deduction details

Calculate tax and pay any dues

Submit and e-verify your return

Keep copies of filed returns and acknowledgments

Final Thoughts

Filing your Income Tax Return in Kolkata is a straightforward process when you follow the proper steps and stay organized. Use this checklist to ensure compliance, maximize your tax benefits, and avoid hassles. Remember, timely and accurate filing not only secures your financial health but also contributes to the nation’s economic progress.