Financial planning for young professionals: Here’s how you can save income tax in 2025
6 days, 21 hours ago

Financial planning for young professionals: Here’s how you can save income tax in 2025

India TV News  

Financial planning young professionals: If you are young and just starting to earn, it is important to take proactive steps to save on income tax in the new year. While experienced employees may already know how to make the right decisions for tax savings, young professionals often feel confused and may make incorrect choices. Additionally, health insurance allows you to claim a tax deduction under Section 80D of the Income Tax Act for the amount of premiums paid in a year. According to HDFC Life, filing income tax returns helps in creating a paper trail that can act as proof of income while applying for a loan or any credit product.

Financial Planning Financial Income Tax Health Insurance Income Tax Deduction Young Professionals Planning Young  income  rs  save  returns  2025  planning  young  lakh  investment  tax  deduction  heres  professionals  financial

History of this topic

5 tax-saving tips for young professionals in 2025
6 days, 6 hours ago

5 tax-saving tips for young professionals in 2025

India Today  

As a young professional stepping into the world of earnings, navigating the complexities of income tax can be overwhelming. LEVERAGE EQUITY-LINKED SAVINGS SCHEMES ELSS mutual funds offer a dual advantage of tax savings and investment growth. These schemes allow you to invest in diversified equity markets while enjoying tax deductions under the relevant provisions of the Income Tax Act. Filing …

Top 10 financial new year resolutions that you can’t afford to miss out on in 2025
Top News
1 week, 2 days ago

Top 10 financial new year resolutions that you can’t afford to miss out on in 2025

Live Mint  

Happy New Year 2025: One of the top priorities for many people in 2025 is improving financial health. 4)Build an Emergency Fund The emergency fund has always been an essential element of personal financial management, and when embraced in the new year, it is even more so. Industry experts advise combining government-backed initiatives like the Employees' Provident Fund and the …

Checklist for 2023: Do these 5 things to improve your financial situation this year
2 years ago

Checklist for 2023: Do these 5 things to improve your financial situation this year

Live Mint  

With the beginning of the new year, many of us will want to start afresh or improve our lives — whether that means preparing for a job shift, adopting a healthier lifestyle or enhancing our financial situation. Investment in several asset classes, such as equities, bonds, mutual funds, exchange-traded funds, or a mix of all four, reduces the risk of …

Income tax: Things to do before the financial year draws to a close
2 years, 9 months ago

Income tax: Things to do before the financial year draws to a close

Live Mint  

It's that time of the year when taxpayers must tie all loose ends before the financial year comes to an end. When you calculate income tax liability and it is estimated to be Rs 10,000, you are liable to pay advance tax before the last date. In case taxpayers have earned income through other sources such as capital gains, interest …

While making tax-saving decisions, don’t make these common mistakes
4 years, 11 months ago

While making tax-saving decisions, don’t make these common mistakes

India TV News  

By Adhil Shetty, CEO BankBazaar.com As we’re approaching the end of the financial year, many of us are on the hunt for a tax-saving investment plan or insurance policy. This means that in your hurry, you may buy an investment or insurance policy that has poor returns, low liquidity, heavy charges, and low coverage. MIXING LIFE INSURANCE WITH INVESTMENTS Another …

Discover Related