Social Security Insurance and Financial Welfare Schemes in India
The Government of India, under the Jan Suraksha initiative, has introduced several social security schemes aimed at enhancing financial inclusion and providing affordable insurance and pension benefits, particularly to the economically weaker sections and the unorganised sector. Indian banks actively facilitate the implementation of these schemes by partnering with insurance providers and pension fund authorities.…
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Estate Planning in India: Structuring Wills, Trusts, and Understanding Tax Implications
IntroductionEstate planning involves the strategic organization and management of an individual’s assets to ensure an orderly transfer upon their incapacitation or death. The primary objectives of estate planning include preserving wealth, minimizing tax liabilities for beneficiaries, and facilitating the seamless distribution of assets. Key tax considerations in estate planning include capital gains tax and income…
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Income Tax Slabs for Non-Individual Entities in India (AY 2025–26)
Introduction The Indian income tax system follows a progressive slab-based structure, applicable to both individuals and non-individual entities. Under this framework, taxpayers are categorized into income brackets or “slabs,” with each slab attracting a specified tax rate. Higher income levels are taxed at proportionately higher rates to ensure equity in the tax burden. This article…
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What is Depository service?
Updated 15.06.2025 A Depository refers to a place or entity that holds financial securities in a dematerialized form. In the Indian capital market, this term has a lot of relevance where they hold securities in dematerialized (Demat*) form. In demat form, all physical share certificates were converted into electronic form and the same was deposited…
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A COMPREHENSIVE OVER VIEW OF PPF SCHEME
Originally posted on December 21, 2019, updated on 15.06.2025 The government issued a notification on November 9, 2023, making several important changes in the popular Senior Citizen’s Savings Scheme (SCSS), Public Provident Fund (PPF), and 5-year post office time deposit. New rules for premature closure of Account: The earlier rule says; “Provided further that on…
Comparative Analysis of the Old and New Tax Regimes under Section 115BAC
Introduction The Finance Act, 2023 introduced pivotal amendments to Section 115BAC of the Income Tax Act, 1961, effective from Assessment Year (AY) 2024–25. As a result of these changes, the new tax regime has been made the default taxation system for certain categories of taxpayers, including Individuals, Hindu Undivided Families (HUFs), Associations of Persons (AOPs)…
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