Personal Finance, Income Tax & GST Guides
Comprehensive breakdowns of Old vs New Tax Regimes (Section 115BAC), HRA exemptions, 80C deductions, SIP growth, and GST invoice regulations.
Old vs New Tax Regime: Detailed Comparison with ₹8L, ₹12L, ₹15L & ₹20L Salary Examples (Budget 2024 Slabs)
Compare Indian Old vs New Tax Regime (Section 115BAC revised) for FY 2024-25 & 2025-26. Salary-wise worked examples for ₹8L, ₹12L, ₹15L, and ₹20L CTC with ₹75k standard deduction.
HRA Exemption Calculation Guide: Section 10(13A) Rules, 3-Clause Formula & Metro vs Non-Metro Breakdown
How to calculate HRA exemption under Section 10(13A). 3-clause formula, 50% metro vs 40% non-metro, rent receipts, landlord PAN rules, and worked examples.
Section 80C & 80D Deductions: Complete Eligibility List, Investment Limits & Maximum Tax Savings
Complete guide to Section 80C (₹1.5 Lakh limit) and Section 80D (health insurance up to ₹1 Lakh). Eligible instruments: EPF, PPF, ELSS, NPS, and medical checkups.
How Mutual Fund SIP Works: Rupee Cost Averaging, Compounding & Step-Up SIP Wealth Creation Strategy
Learn how Systematic Investment Plans (SIP) work in mutual funds. Rupee cost averaging, compounding returns, step-up SIP multiplier effect, and 15x15x15 rule.
Flat vs Reducing Balance Interest Rate for Home Loans: How Banks Calculate EMI with Worked Examples
Understand the critical difference between flat interest rates and reducing balance rates for home and personal loans. Mathematical formulas and true APR exposed.
FD vs RD vs PPF vs Mutual Fund SIP: Detailed Return, Risk, Tax & Liquidity Comparison for Indian Investors
Compare Fixed Deposit (FD), Recurring Deposit (RD), Public Provident Fund (PPF), and Mutual Fund SIP. Interest rates, lock-in periods, and tax implications analyzed.
GST Invoice Rules for Small Businesses, Freelancers & Composition Scheme in India: Mandatory Fields & Timelines
Complete guide to GST invoice rules under Section 31 of CGST Act. Mandatory fields, invoice serial numbers, HSN/SAC codes, reverse charge, and composition bills of supply.
CTC vs Gross vs In-Hand Salary Breakdown in India: EPF, Gratuity, PT & TDS Explained
Understand the difference between CTC, Gross Pay, and Net In-Hand Salary in India. Detailed components: Basic, HRA, Special Allowance, PF, Gratuity, PT, and TDS.
Gratuity Calculation Rules in India: Formula, 5-Year Eligibility & ₹20 Lakh Tax Exemption Limit under Payment of Gratuity Act 1972
How to calculate gratuity in India under the Payment of Gratuity Act 1972. Formula (15*Basic*Tenure/26), 5-year eligibility rule, and ₹20 Lakh tax exemption limit.