Tax Saver FD vs Regular FD – What’s the Difference?

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A fixed deposit (FD) investment can yield various benefits, of which assured returns, safety of the principal amount, and flexibility are only a few. But, did you know that by choosing a specific type of FD, called the tax-saver FD, you can save tax and enjoy the benefits of fixed deposits? These FDs provide tax…

How Will Financial Planning Be Impacted by Budget 2025?

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The budget outlines the government’s plans for revenue and expenditure. It sets the tone for fiscal priorities while balancing growth and fiscal discipline. It can cause a shift in financial planning for individuals and result in a change of financial strategies for corporations. Stakeholders must be mindful. They need to pay close attention to the…

Budget 2025: Will the Government Replace the Income Tax Act with the Direct Tax Code in the New Budget?

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With the Budget 2025 just around the corner, an important thought is lingering in the minds of taxpayers, businesses, and financial experts. That is: Will the government finally implement the Direct Tax Code (DTC)? The aim is to replace the existing Income Tax Act of 1961. This Direct Tax Code or DTC has been in…

Understanding the Tax Reforms in India Budget 2025

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Each year, the government of India introduces its Union Budget that outlines the various economic policies it will make in the upcoming year. Amongst several things, the budget also lays down the taxation rules for individuals, corporations, and other entities. With the Budget 2025 around the corner, people have high hopes that the government will…

Budget 2025: Exploring the Various Types of Budgets in India

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In a developing country like India, the government budget plays an important role. It is through the budget that a government announces the economic decisions it will make to achieve the nation’s objectives. The Union Budget of India is the main budget of the nation, where it outlines the revenues and expenses it has predicted…