Category: Finance and Accounting
-
Car Prices in India After GST Rate Cut – Full List With Old and New Prices
The recent GST rate cut on automobiles in India has brought huge relief to buyers. Car prices across segments—from hatchbacks to premium SUVs—have dropped significantly. The move is expected to boost sales in the auto sector, revive demand for small cars, and make popular models more affordable for Indian customers. In this article, we provide…
-
No Tax? Why Filing ITR is Still Important for Every Indian
Many people in India assume that if their income is below the taxable limit, they don’t need to file an Income Tax Return (ITR). While technically correct, skipping ITR filing can mean missing out on several important financial and legal benefits. Even if you pay zero tax, filing ITR is a smart financial habit that…
-
Deductions Under New Tax Regime (FY 2025-26): Complete List, Rebate, and Employer Benefits Explained
Deductions Available Under the New Tax Regime (FY 2025-26, AY 2026-27) The New Tax Regime under Section 115BAC has become the default tax regime from FY 2023-24 onwards. It offers lower tax rates but removes most exemptions and deductions available under the old regime. Still, many taxpayers are confused about what deductions are allowed in…
-
8th Pay Commission: What Central Employees and Pensioners Can Expect
The Central Government periodically revises the salary structure of its employees and pensioners through Pay Commissions. After the 7th Pay Commission (implemented in 2016), the spotlight has now shifted towards the 8th Pay Commission, expected to be rolled out around 2026. This upcoming revision is of huge interest to over 47 lakh central employees and…
-
Warren Buffett’s Golden Rules: Never Fall Into These 5 Money Traps
Warren Buffett, one of the world’s greatest investors, has built his fortune not by chasing shortcuts but by following discipline and common sense. Known as the Oracle of Omaha, he often warns against common money traps that ruin financial health. Here are five major money traps Buffett advises us to avoid — along with real-life…
-
Modi Govt’s GST Rate Cut: Health Insurance & Cancer Medicines Now Tax-Free
The Government of India has taken a major step towards affordable healthcare and insurance accessibility by introducing sweeping changes in the GST structure. Effective September 22, 2025, the new reforms aim to reduce the financial burden on households and provide relief to patients dealing with chronic and life-threatening diseases. Key Highlights of the GST Reform…
-
New GST Rates from September 22: Highest Tax on Luxury Items – Full Sector-Wise List
The Government of India has revised the Goods and Services Tax (GST) rates, effective September 22, impacting multiple sectors. This update brings both relief and burden depending on the category of goods. While some essential items continue to attract lower taxes, luxury and high-value products have been moved to the highest GST slab of 40%.…
-
Who Needs to File ITR in India and Who Doesn’t – Complete Guide for FY 2025-26
Income Tax Return (ITR) filing is a crucial part of financial compliance in India. However, not everyone is required to file an ITR. Understanding whether you need to file or not can save you time, avoid penalties, and help you manage your finances better. In this guide, we’ll cover: 1. Who is Required to File…
-
GST Cuts on Cement, Steel, Tiles & Paints: Affordable Housing and Construction Costs Drop in India 2025
The government’s recent GST reform is being hailed as one of the most impactful tax changes for India’s real estate sector. By reducing GST rates on cement and other construction materials, the cost of building homes is set to decline significantly. This move comes at a crucial time when the country is focusing on affordable…
-
New GST Rates in India 2025 – Full List, Effective Date, and Key Changes
The Goods and Services Tax (GST) Council has approved a major restructuring of GST rates in India, making the system simpler and more consumer-friendly. From 22nd September 2025, the new GST rates will officially come into effect. This is one of the biggest tax reforms since GST was first implemented in 2017. In this article,…
-
ITR Status Check Online | How to Check ITR Status Online
Filing your Income Tax Return (ITR) is only the first step. Once you’ve submitted your return, the next important step is to track your ITR status online. Checking your ITR status helps you know whether: This guide explains all the methods to check ITR status online in 2025. ✅ Why Check ITR Status Online? 🔑…