the Qs
the Qs
I earn 3.5 lakhs in salary and no tax is cut from my salary slip. Should I still file taxes after 31st March?
Yes, you have to file it because of the advantages that you get. For example, it serves as income and address proof both for you. Your visa approval and loan approval becomes much easier and it is mandatory to have ITR for that. Next, it also helps in getting credit cards which actually help in building your credit score. And this in turn helps in building your financial track record. If you have FDs in your name and TDS is getting cut, then filing ITR will help you claim these income tax returns.
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Recent Posts
Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.
Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.
Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…
the Qs
I earn 3.5 lakhs in salary and no tax is cut from my salary slip. Should I still file taxes after 31st March?
Yes, you have to file it because of the advantages that you get. For example, it serves as income and address proof both for you. Your visa approval and loan approval becomes much easier and it is mandatory to have ITR for that. Next, it also helps in getting credit cards which actually help in building your credit score. And this in turn helps in building your financial track record. If you have FDs in your name and TDS is getting cut, then filing ITR will help you claim these income tax returns.
Wait..would you like to get more like this?
Join 12,000+ readers who receive our insights decoding Personal Finance twice a week, so you can make the most out of your money.
No Spam. Only Finance
No Spam. Only Finance
Recent Posts
ULIPs combine insurance and investment, but hidden charges significantly lower returns compared to mutual funds. Understand IRDAI’s new restrictions on promoting ULIPs as investment products.
Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.
Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.
Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…
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Why join Dime's Tax Strategy Masterclass?
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This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.
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