Update: New tax regime slab rates for Financial Year 2025-26 (AY 2026-27)Here are the key changes proposed in budget 2025 for an individual.Income SlabsTax RatesUp to Rs 4 lakh0%Rs 4-8 lakh5%Rs 8-12 lakh10%Rs 12-16 lakh15%Rs 16-20 lakh20%Rs 20-24 lakh25%Above Rs 24 lakh30%No income tax payable on income up to Rs 12 lakh due to tax rebate. No income tax payable for Rs … [Read more...] about Key changes to new income tax regime FY 2025-26 (AY 2026-27)
Income tax deduction for Agnipath Scheme- Section 80CCH
In Budget 2023, our honorable finance minister Nirmala Sitharaman announced the addition of section 80CCH to the Income Tax Act, 1961. The main objective is to provide tax deduction to Agnipath scheme. Before getting into the provisions of tax deduction as specified under section 80CCH, let us understand what agnipath scheme is.Our Indian Government launched Agnipath scheme … [Read more...] about Income tax deduction for Agnipath Scheme- Section 80CCH
Concurrent audit of Banks: Eligibility, Importance and Role of Auditor
In this article we will cover followings;What is a concurrent audit?Who is eligible to conduct a concurrent audit? and the auditor’s top 10 roles and responsibilities.In India we have two different types of audits: external audits and internal audits. Before discussing these, let us understand the term "audit".The term “audit” usually refers to examination and … [Read more...] about Concurrent audit of Banks: Eligibility, Importance and Role of Auditor
DIR-3 KYC Compliance for DIN Holders: Revised Regulatory Framework and Filing Requirements
Every individual who becomes a company director in India is allotted a Director Identification Number (DIN) by the Ministry of Corporate Affairs (MCA).To keep director records accurate, MCA requires DIN holders to confirm their personal details through Form DIR-3 KYC.As per the latest regulatory change notified by MCA, the filing requirement has been revised and is no … [Read more...] about DIR-3 KYC Compliance for DIN Holders: Revised Regulatory Framework and Filing Requirements
Why is my margin money blocked for trading after selling my shares?
As per SEBI's new peak margin rules, 20% of the value of stocks sold from your portfolio will be blocked for trading on the day you've sold them. The date on which its sold is known as transaction day or “T Day”This blocked margin will be available from the next trading day (T+1).This means, if you have sole shares for Rs 14,549.75, then Rs 2,909.95 (20% of 14,549.75) … [Read more...] about Why is my margin money blocked for trading after selling my shares?