ITR Filing
7 min read
How to save tax for salary above ₹20 lakh for FY 2025-26
A salary above ₹20 lakhs opens up a wide range of tax planning options.
11 min read
How to save capital gains tax with Section 54F: Rules, timeline, and other details for capital gains tax exemption
Section 54F is a powerful tool to save long-term capital gains tax when reinvesting in a…
6 min read
ITR in FY 2025-26: When will your ITR be picked for compulsory scrutiny? Check the Income Tax Department’s new guidelines
The Income Tax Department has released fresh guidelines for compulsory ITR scrutiny in FY 2025-26. Learn…
6 min read
Form 16: Understanding Part A, Part B, their differences, and the key changes in Form 16 for FY 2024-25
For millions of salaried employees across India, Form 16 is not just a document, it’s a…
6 min read
How to save tax for salary above ₹15 lakh
Earning over ₹15 lakh a year is a significant milestone. It reflects your hard work, dedication,…
6 min read
Capital gains tax: Short-term, long-term capital gains tax rates, calculations, exemptions for FY 2024-25
If you invest in stocks, mutual funds, or real estate, you have likely come across the…
5 min read
How to save tax for salary above ₹10 lakh for FY 2025-26?
Earning above ₹10 lakh annually places you in one of the highest income tax brackets in…
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…
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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.
