Fixed Deposits (FD) for Tax Saving

Tax-Saving

Learn about the benefits of tax-saving fixed deposits. FD account is a type of fixed deposit account that offers a tax deduction under Section 80C of the Income Tax Act, 1961. Discover how a tax saving fixed deposit can help you grow your savings while reducing your tax liability.

Understanding Fixed Deposits (FD) for Tax Saving

Post Office Tax Saving Schemes: Secure, Tax-Friendly Investments for Every Indian

The Post Office Saving Schemes come under central government run savings portfolio that offer a high amount of reliability. India Post offers a variety of simple-to-open, effective, and secure investing options. You can select the plan that best fits your investment objectives. Learn more about its various types, its advantages, and the process to apply for different schemes.

Tax-Saving SIPs: Grow Your Wealth While Minimizing Taxes

For investors looking to build wealth while optimizing their tax liability, Systematic Investment Plans (SIPs) offer a disciplined approach with valuable tax benefits. By investing in Equity Linked Savings Schemes (ELSS) through SIPs, you can not only grow your savings over time but also reduce your taxable income. Here’s a detailed look at how tax-saving SIPs work, their benefits, and how TaxSpanner can guide you through making the most of them.

Maximize Your Savings: Top Tax-Saving Investments for 2025

This guide provides insights into different tax-saving schemes, including investments, deductions, and exemptions. Learn about various tax-saving options that can help you reduce your tax liability. Start saving on taxes today!

Your Savings Bank Interest is Taxable! Learn How to Save with Section 80TTA

Section 80TTA

Learn about the deduction limit under the Income Tax Act, eligibility criteria, and how to claim tax benefits on interest income from savings accounts. Calculate the tax deduction for interest earned on the savings accounts using our 80TTA calculator. Check out how to claim this deduction, eligibility & more.

GST State Code List

GST State Code and Jurisdiction List: Here is a list of GST state code required by GST registrants and know the complete process of how to check the relevant jurisdiction area. Stay compliant with state-wise tax regulations.

GST State Code List and Jurisdiction Details

Everything about Exchange

RBI Guidelines

Here are the RBI guidelines for 2000 note exchange in banks. Read this article to know how to exchange Rs 2000 notes and the official deadline to exchange or deposit high-value Rs 2,000 notes at banks.

Exchange and Deposit of Rs. 2000 Notes in Bank

Activate SBI Debit Card

You can activate your SBI debit card through various ways such as internet banking, call, SMS, Yono app or an ATM. Activate ATM PIN offline or online. Here's how to activate your SBI debit card online and offline.

How To Activate SBI Debit Card Online and Offline

How to Change Name

PAN Card Correction: Step by Step guide on how to make correction in PAN card online When there is a change in your name, address or date of birth for any reason, it must be updated in your PAN card by filing the PAN card correction form.

How to Change Name and Other Details in PAN Card

How to Type the Indian Rupee Symbol

Typing Guides

How to type Indian Rupee symbol ₹ using alt code keyboard shortcuts in Windows, Mac and HTML documents along with shortcuts. The Indian Rupee symbol (₹) is an integral part of the Unicode standard and has been in use since its official unveiling in 2010.

How to type the Indian Rupee Symbol in Word and on your Keyboard

Understanding-the-Cost-Inflation-Index-(CII)

Capital Gains

Cost Inflation Index (CII) - CII is used in India to adjust the cost of assets for inflation. Learn more about the cost of inflation index in this detailed guide. Get the latest Cost Inflation Index (CII) with our detailed guide. Learn how to calculate indexation benefits for capital gains, and understand through practical examples.

Understanding the Cost Inflation Index (CII) and it’s Impact on Long-Term Capital Gains

2024-Union-Budget-Key

Union Budget

This blog will summarize the key highlights of Budget 2024 for NRIs/OCIs from revised tax rates to new deductions and exemptions. With the 2024 Union Budget introducing new changes in taxation, this guide will break down what NRIs need to know, using real-life examples and insights from tax experts

Learn the 2024 Union Budget Key Tax Updates for NRIs

How-to-Apply-for-an-SBI-ATM-Card

SBI ATM Card - Learn how to apply for an SBI ATM card in detail. Know the various types of SBI ATM cards available in India for 2024. SBI offers the option to apply for an ATM cum Debit card both online as well as offline. If you have lost or stolen your SBI ATM card then, you can easily replace your SBI ATM cum debit card and apply for the new SBI ATM card online. Here is a step-by-step guide you can follow.

How to Apply for SBI ATM Card: Types and Application Methods

Unlocking the Benefits

Home Loan

Home Loan Tax benefits: Know How to Get Income Tax Benefits on Your Home Loan. Check Tax benefits under sections & how to claim. You can save tax on principal and interest repayment under Section 80C, Section 24, Section 80EE, Section 80EEA

Unlocking the Benefits: Know the Home Loan Tax Benefits in India

Aadhaar Card PDF Password: Unlocking Your Digital Identity

Aadhar

After receiving your Aadhaar card, you can print or download a digital copy. A password safeguards this digital version which is known as the e-Aadhaar card. Learn how to open your Aadhaar PDF securely with the correct password. Discover the steps to access your Aadhaar details hassle-free.

SBI Debit Cards Know Your ATM Withdrawal Limits

Financial wellness

SBI has different daily cash withdrawal limit depending upon the variant of the card. Know the daily SBI ATM withdrawal limit by reading this article. A look at some of the ATM daily cash withdrawal limits applicable to SBI debit cards.

No GST on Alcohol in India: A Take on Alcohol Taxation

No GST on Alcohol in India: Read here to know more about Taxation of Liquor. GST Council excludes Extra Neutral Alcohol (ENA) from GST, providing significant relief to the alco-beverage industry.

What is Form 16? Meaning, Format, Eligibility and Everything Else

Form 16

Form 16 is an annual tax document issued to salaried individuals by employers. Know What is form 16 and Components of Form 16: Part A, Part B & Types of Form 16: Form 16A & 16B. Also know how to get form 16, how to download form 16 online and when form 16 will be generated.

What-to-do-when

Understanding the most commonly income tax notices issued by the department including the reasons for their issuance and the timelines within which they can be issued. An income tax notice can be served to an income taxpayer for various reasons. Get to know such reasons in detail here and how to deal with IT notices. Check out how should you respond to a defective income tax return notice and revise your income tax return in response to the notice.

What to Do When You Receive an Income Tax Notice?

Advance-Tax-Payments

Tax optimization

Advance Tax Payment Online: All you need to know is Due Dates, Calculator, Applicability, Procedure, Installment, Rates, Penalty. Know what advance tax is, who should pay it, how to calculate advance tax and due dates for advance tax payment.

Advance Tax Payment: Everything You Need to Know

Comparing-UPS,-NPS,-and-OPS

Pension Scheme

The newly approved Unified Pension Scheme (UPS) offers a promising alternative to the Old Pension Scheme (OPS) and New Pension Scheme (NPS) by providing assured benefits and inflation adjustments for government employees. Find out which is better for you, which pension scheme to choose to receive retirement benefits from, and which scheme provides a better pension amount.

Comparing UPS, NPS, and OPS: Which Pension Scheme is Best for Government Employees?

Unified Pension Scheme

Unified Pension Scheme (UPS): The Central Government announced a new pension scheme for government employees. Discover its benefits, key features, and how it differs from the National Pension System (NPS) to make an informed retirement planning choice.

Understanding the Unified Pension Scheme (UPS): A New Era for Government Employees

How-TaxSpanner-and-Karma-Life

Gig Work Tax Deductions: How it works, tracking expenses, tax filing. Confused about gig economy taxes? Learn about freelancers, tax obligations, including self-employment tax, quarterly payments, and deductions.

How TaxSpanner and Karma Life Helped Delivery Partners from Swiggy, Uber, and More Secure Their TDS Refunds

Top-10-Performing-Indian

Mutual Fund

Top Ranked Mutual Funds: Get the list of Top Ranked Mutual Funds in 2024. Offering insights into their performance, investment strategies, and market influence. These best-performing equity mutual funds were from smallcap, value fund, ELSS, flexicap, focused fund, large & midcap, largecap, midcap, and multicap categories.

Top 10 Performing Indian Mutual Fund Companies of 2024 by AAUM

Freelancer’s Outline

Filing income tax returns is an important compliance requirement for freelancers and self-employed individuals in India. Simplified guide on few things that freelancers and consultants should keep in mind while filing their income tax. Explore the specific requirements, deductions, and allowances applicable to freelancers.

Freelancer’s Outline: Step-by-Step Guide for Filing Your Income Tax Return

Understanding-revised-return-100

Have you e-filed your income tax return incorrectly and want to revise it? Here is a step-by-step guide to file a revised return. Section 139(5) of the Income Tax Act, allowing taxpayers to file revised returns. Learn about the process, consequences, and key aspects of revised returns.

Understanding Revised Return Filing Under Section 139(5)

Missed-the-deadline-100

Have you missed the ITR filing deadline? No worries. You can still have a chance to file your ITR. Understand Belated Return under Section 139(4) of the Income Tax Act. Learn how to file a belated return, the penalties involved, and the deadlines you need to be aware of to avoid fines and ensure compliance with Indian tax regulations.

Missed the Deadline? Here's Your Guide to File a Belated Return

Understanding Section 148 A Taxpayer's Guide to Reassessment Notices

Section 148 of the Income Tax Act 1961 allows the Assessing Officer to send notices to taxpayers whose income needs to be correctly assessed. This means that if the officer suspects that a taxpayer has not disclosed complete income or provided an inaccurate representation, they can initiate proceedings under this section.

Understanding Section 148: A Taxpayer's Guide to Reassessment Notices

Bonafide Certificate Essentials – Everything You Need to Know

Bonafide Certificate

Bonafide Certificate Essentials - Learn everything about obtaining a Bonafide Certificate for students. Including its purpose, application process, format, and how to download it in PDF

Tax-Reforms

Insights from TaxSpanner - One of the key proposals from Sudhir Kaushik is the need for flexibility in salary structuring. Currently, employees are restricted by their employers from fully leveraging tax benefits available under income tax laws.

Tax Reforms to Benefit the Salaried Class: Insights from TaxSpanner CEO Sudhir Kaushik

Understanding Voter Registration in India: Your Guide to Civic Participation

Voter ID

If you are an Indian citizen who is 18 years or older, you must register to vote. Here's all you need to know. The voter registration process is the cornerstone of democratic participation, empowering citizens to exercise their fundamental right to vote and actively engage in their country's governance. In India, voter registration is a vital step for individuals to become eligible voters and contribute to the democratic electoral process.

Reclaiming Trust by Navigating the Sahara Refund Process

Sahara Refund

Sahara Refund Process - The Sahara Refund Portal has been developed for the submission of legitimate claims by genuine depositors of the Sahara Group's cooperative societies. Depositors can apply for refunds on the CRCS-Sahara Refund Portal, and the money will be deposited into their bank accounts within 45 days. If you are one of the depositors looking to claim your refund, follow the steps mentioned below to navigate through the Sahara refund portal and get your refund.

Your Complete Guide to Applying for a Voter ID Card Online

Complete Guide to Applying for a Voter ID Card - Here's a detailed guide on how to apply for a voter ID card through website and mobile app. If you are above 18 years of age, then you can apply for a Voter ID card both online and offline. Follow these simple steps. Voter ID card is an identity document issued by the Election Commission of India to citizens of India who have reached the age of 18

Understanding GST: Guide to GST Portal, How to Login, and More

GST Login Portal: Read this article to understand the step-by-step approach to access the online GST portal. Our comprehensive guide offers easy-to-follow instructions and troubleshooting tips for a seamless GST login experience.

Leaders of the Reserve – A list of RBI Governors of India Past and Present

List of RBI Governors of India (RBI): Many highly qualified people have served in this high-profile position, and it will serve you better if you know about them. Find the complete list of governors of the Reserve Bank of India (RBI) from 1935 to till now along with their names.

All About SBI Savings Accounts in 2024 – Interest Rates, Documents, Minimum Balance

SBI Savings Account - Know How to Apply & Open SBI Savings Account Online. Check Types of SBI Savings Accounts, Interest rates, minimum balance, types, benefits, & features. SBI provides the option of opening different types of savings account. Depending upon the need, the customer can choose to opt for the same. Find more about them in this article.

Regain Access With These Simple Steps on How to Reset Your HDFC Net Banking Password

Click here to know how to do an HDFC Net banking password reset. For HDFC Bank customers, the issue can be resolved in more than one way. Forgetting your net banking password is not as worrisome an issue as it may seem. Bank customers can easily reset their HDFC net banking password through various methods.

Missed your deadline

Aadhaar-PAN Link After Due Date: PAN cards that are not linked to Aadhaar will become inoperative, restricting individuals from certain services where quoting the PAN is mandatory. It must be paid in a single challan before submitting your request for an Aadhaar-PAN linkage on the e-filing portal.

Missed the Deadline? Here’s How to Quickly Link Your Aadhaar with PAN Card Online

How To Change Address in Aadhaar Card? A Step-by-Step Guide

You can update your Aadhaar card online. Check out the complete step by step process for how to update your new or incorrect address printed on your Aadhar card, online or offline. You have to visit the UIDAI website to complete the process online

TNEB Aadhaar Link: How to Link Aadhaar With TNEB

TNEB

TNEB Aadhaar Linking: Click here to learn more about the TNEB Aadhaar link. Step-by-step guide on How To Link Aadhaar Card with TNEB to get Power Subsidy in Tamil Nadu. Get more India News and Business News on TaxSpanner.

PM Kisan Samman Nidhi – Beneficiary Status Check, 17th Instalment Updates and How To Apply?

PM Kisan Samman Nidhi

PM Kisan Samman Nidhi: The Prime Minister has released the 17th instalment of the PM Kisan benefit of around Rs 20,000 crore which will reach 9.3 crore farmers. Know how to do registration, beneficiary status check. Check out instalment date, eligibility criteria, benefits, helpline number and other latest updates.

Discover Your Aadhaar and PAN Card Link Status with a Few Clicks

Read on to find out the Aadhaar card PAN card link status. Check your PAN Aadhaar link status by entering your Aadhaar card number and your PAN card number online. It is mandatory to link your PAN with Aadhaar, so check your pan Aadhaar link status and do the needful now.

Consequences of Not Linking PAN Card to Aadhaar: Penalties and Impacts

Read on to understand the implications of not linking pan with Aadhaar and penalty details. A PAN that is not linked Aadhaar becomes an inoperative PAN. Understand the consequences of not linking PAN with Aadhaar by the deadline, TDS implications, and key sections of the Income Tax Act.

EPF Balance Check With and Without UAN Number: A Step-by-Step Guide

EPFO

EPF(Employee Provident Fund) balance check - Find out the meaning of EPF and how to withdraw EPF using UAN, and through offline methods. A step-by-step guide on ways to check PF balance without UAN number.

Permanent Account Number (PAN) - Definition, Advantages of Pan, and Latest News

Permanent Account Number (PAN Card) – What is PAN, Overview, Eligibility and How to Apply for PAN Card. PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department.

Permanent Account Number (PAN) – Definition, Advantages of PAN, and Latest News

Step-by-Step Process to File TDS Return for Your Salary Income

The process of deducting taxes from the source of revenue itself is known as "Tax Deducted at Source," or TDS. A detailed summary of all TDS-related information and transactions that took place during that particular quarter is called a quarterly TDS return.

PMAY

Read on to know about the Pradhan Mantri Awas Yojana-Gramin (PMAY-G) and  Pradhan Mantri Awas Yojana-Urban (PMAY-U) scheme.

PMAY (Pradhan Mantri Awas Yojana)

NPS Tax Benefit: Check NPS Tax Exemption and Deduction

NPS tax benefits: Know about what is national pension scheme, national pension scheme benefits, national pension scheme eligibility.

NRI base for DTAA Services

DTAA

Double Taxation Avoidance Agreement (DTAA) explained in detail along with IT Filing, tax treaties, FTC, Form-67, Importance of TRC and other info.

DTAA on Foreign Income

Benefits of early filing and mandatory filing even if income is below Rs 2.50 lakhs

ITR filing for FY 23-24 started on April 01, 2024 and 1145637 e-filed till May 12. This is a great achievement by the income tax department considering the delays and difficulties faced by taxpayers in the last few years. 11,45,637 returns have already been filed until May 12.

What type of income are included Income from Other Sources?

Read on to learn about income from other sources. Learn about income from other sources in India, including types, deductions, and tax rates. Understand how income from sources like interest, rent, and gifts are taxed, and discover the deductions available to reduce your tax liability.

HUFs-Tax-Benefits

HUF acts like a family savings account in India. It offers tax benefits. Learn how it works, tax rules & pros & cons of forming a HUF.

Understanding HUFs for tax benefits

Income Tax Notice

Income Tax Notice - Received ITR Notice from the Income Tax Department? Complete guide for taxpayers with step-by-step instructions

TDS-Return-for-salary

TDS is a method of income tax collection in India where the payer deducts taxes directly at the source of the individual's income.

TDS Return for Salary: A Comprehensive Guide for Employers

Top 10 Performing ELSS Mutual Funds in India of 2024 Your Pathway to Tax-Savings

As we bid adieu to yet another financial year, taxpayers across the country have wrapped up their tax-saving investments. Among several investment options available in the market, Equity Linked Savings Scheme (ELSS) Mutual Funds stand out as one of the most lucrative choices for savvy investors.

Top 10 Performing ELSS Mutual Funds in India of 2024: Your Pathway to Tax-Savings

What-is-an-ITR-Form-2

Income Tax Return (ITR) is a form where taxpayers provide information about their income earned and applicable tax to the income tax department. The Income-tax Act of 1961 has released seven ITR forms, such as ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7.

What is an ITR Form? Understanding the Different Types for E-Filing in India

pexels-anna-nekrashevich-6801647

Why and how you should structure the CTC?Why and how you should plan for taxes in case of job change?Why and how you should plan 80C investments for …

30 Things that Tax Optimization Can Do for You

Option to choose New tax regime  How to Submit Form 10IE online

Ready to manage your taxes? The option to choose the new tax regime offers a fresh opportunity for taxpayers to streamline their financial responsibilities.

Option to choose New tax regime | How to Submit Form 10IE online?

Receiving-a-Tax-Notice

An Income Tax Notice is like a written letter from the government's tax office that tells you there's a problem with your taxes.

Receiving a Tax Notice: How to Confirm its Validity and Review It?

Lower-Deduction-Certificate

In order to ensure cash flow and timely payment of government dues, taxpayers might avoid paying larger TDS than their real tax liability by using the Lower Deduction Certificate (LDC). Even if the receiver has no earnings liable to tax for the year, refunds can only be looked at through filing an income tax

Lower deduction certificate

File-GST-return-online

A GST return is a document that includes the details of income, sales, expenses, and purchases of a GST-registered taxpayer, which is used by the tax authorities for the purpose of calculating the net tax liability of the taxpayer. It includes purchases, sales, output GST on sales, and input tax credit or GST paid on purchases.

File GST return online

Why-do-you-need-a-CA

First of all, it's important to recognize the situations where a Chartered Accountant's (CA's) expertise is essential and when it might not be required. Understanding these cases can help you make informed decisions about whether or not to seek professional assistance.

Why do you need a CA

Know-about-the-Assessing-Officer(AO),-its-importance,-and-purpose

To understand who an Assessment Officer is and what they do, we first need to understand what an Assessment is. So, assessment is basically the thorough investigation of income tax returns, be they processed or unprocessed, by the CPC, which focuses on and verifies the accuracy of the reported income to identify and avoid any kind of intentional or unintentional errors.

Know about the Assessing Officer(AO), its importance, and purpose

Tax-Loss Harvesting 101 Optimize Your Portfolio & Save on Taxes

Tax-loss harvesting is the process of selling securities at a loss on time to reduce the capital gains tax generated from the sale of rewarding assets. This tactic is frequently employed to minimize short-term capital gains, which are often subject to a higher tax rate than long-term capital gains, to protect the value of the investor's portfolio and minimize taxes.

Tax-Loss Harvesting 101: Optimize Your Portfolio & Save on Taxes

Advance Tax

Advance tax is like paying a part of your income tax bill in advance before the end of the financial year. Instead of waiting until the year ends to pay taxes as you earn, advance tax requires you to estimate your total income for the whole year and pay taxes periodically throughout the year. These payments are made in installments on specific dates set by the tax authorities.

Advance Tax- When and How to Do It, Advance Tax: Meaning, procedure and installment details

Home loan benefits for women in India

Section 80C

India is growing, and so are women's empowerment and employment rates. Women strive hard to build a dream house of their own and to support them; several banks and also non-banking financial institutions(NBFCs) provide extra benefits to them along with their home loan offerings.

Form 15CB A Step-by-Step Guide to Compliance, Documentation, and Filing Procedures for International Remittances

Any payment or aggregate of payments exceeding Rs 5 lakhs in a fiscal year are subject to income tax and are made to a non-resident, individual, or foreign company.

Form 15CB: A Step-by-Step Guide to Compliance, Documentation, and Filing Procedures for International Remittances

ELSS A Comprehensive Guide to Tax-Saving Mutual Funds and Smart Investment Strategies

ELSS is a Mutual Fund that allows individuals to claim income tax deductions covering up to Rs. 1.5 lakhs per year under Section 80C of the Income Tax Act, 1961. However, investing more than Rs. 1.5 lakhs do not qualify for tax benefits.

ELSS: A Comprehensive Guide to Tax-Saving Mutual Funds and Smart Investment Strategies

Exploring Tax Benefits Features and Advantages of 5-Year Tax Saver Fixed Deposits under Section 80C

Under Section 80C, a fixed deposit account provides a tax deduction under Section 80C of the Income Tax Act of 1961 named 5-year tax saver FD. These accounts are a form of fixed deposit account. The interest earned is subject to taxation, and the interest rates range from 5.5% to 7.75%.

Exploring Tax Benefits: Features and Advantages of 5-Year Tax Saver Fixed Deposits under Section 80C

Sukanya Samriddhi Yojana (SSY) Benefits, Eligibility, and Steps to Open an Account for Your Daughter's Future

An initiative known as the Sukanya Samriddhi Yojana (SSY) is a small deposit scheme run by the Ministry of Finance and created only for female children. In 2015, the Honorable Prime Minister introduced the scheme as an extension of the Beti Bachao Beti Padhao campaign.

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