ITR Filing
7 min read
ITR-4 (Sugam) for FY 2024-25 (AY 2025-26): Key changes in ITR-4 form that taxpayers must know
If you are a small business owner, freelancer, or professional who has opted for the presumptive…
7 min read
New ITR filing due date: When is the last date to file ITR, belated ITR, revised ITR for FY 2024-25 (AY 2025-26)?
Taxpayers across India are gearing up to file their income tax returns (ITRs) for the financial…
7 min read
ITR-1 (Sahaj) for FY 2024-25 (AY 2025-26): Key changes in ITR-1 form that taxpayers must know
ITR-1 changes in FY 2024-25: The Central Board of Direct Taxes (CBDT) has introduced significant changes…
6 min read
What is HRA? Latest HRA calculation, how to claim HRA exemption for FY 2024-25
The House Rent Allowance (HRA) is an allowance that an employer offers to employees to help…
6 min read
ITR filing for FY 2024-25: What is income tax return filing, who needs to file ITR, and what are the benefits of filing ITR?
Understanding the basics of ITR is essential. What is income tax return? What is the last…
4 min read
Tax-Loss Harvesting for FY2024-25: How to Set Off Loss from Stocks, Mutual Fund and Save Tax
Tax-loss harvesting is a financial strategy in which you sell investments at a loss and use…
3 min read
Are Cryptocurrencies Taxed in India? Understand the Rates, TDS and How to Calculate Tax on Crypto in India
Cryptocurrencies have gained popularity as a new form of digital asset due to their decentralised and…
10 min read
Income Tax Slabs, Rates for FY2025-26, FY2024-25 Under the New Tax Regime and Old Tax Regime; Check How Much Tax You Have to Pay
Do you know which tax bracket you fall into for FY2024-25 or FY2025-26? You might feel…
2 min read
New Income Tax Slabs, Rates After Budget 2025 But Don’t Calculate Your Taxes Based On Them While Filing ITR In FY24-25
Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on February 1,2025 introducing a revised income…
4 min read
13 Income Tax Rule Changes in 2024 That Will Impact Your ITR Filing in 2025
The income tax reforms announced in 2024 have introduced a range of updates that will influence…
3 min read
Should You Opt For Arbitrage Funds For Your Emergency Corpus?
Arbitrage Funds vs. Liquid Funds: The Best Option for Emergency Funds? The tax efficiency of arbitrage…
3 min read
What is Arbitrage Fund?
Investors often seek safe and consistent options for parking their money, especially in volatile markets. One…
Discover your MoneySign®
Identify the personality traits and behavioural patterns that shape your financial choices.
Frequently Asked Questions
What is financial planning?
Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.
It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.
The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.
Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.
The plan equips you to prepare for expected life events like retirement as well as unexpected events.
In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.
What are the benefits of working with a financial advisor?
Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.
A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.
Why is financial planning important?
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
- Understand where you stand financially today
- Map out specific steps to improve your financial situation
- Prepare for major life events like marriage, child’s education, retirement etc.
- Budget effectively and evaluate your investment portfolio
- Strategic Tax Planning & Filing
- Manage and reduce debt
- Being financially ready for emergencies
- Creating a will to preserve your legacy
In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.
