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How to Check Your Form 26AS, AIS & TIS Before Filing ITR (FY 2024–25, AY 2025–26)

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Introduction: Why Checking 26AS, AIS & TIS is a Must Before Filing ITR Before filing your Income Tax Return (ITR) for FY 2024–25, it is crucial to check your Form 26AS , AIS (Annual Information Statement) , and TIS (Taxpayer Information Summary) . These reports ensure: ✔ No mismatch between your income & tax credits ✔ Your TDS/TCS is fully captured ✔ You avoid errors that may result in notices under Section 143(1) or delayed refunds Even if you are salaried, self-employed, a freelancer, or retired — checking these reports is essential in 2025.   What are Form 26AS, AIS & TIS? Know the Difference Report Purpose Why Important? Form 26AS Tax credit statement: TDS, TCS, advance tax paid Shows total tax already deposited in your PAN AIS Detailed statement of all financial transactions (beyond TDS) Captures salary, interest, shares, property sale, M...

Top 5 Mistakes to Avoid While Filing Income Tax Return in India (2025)

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Introduction: Why Filing Your ITR Correctly Matters in 2025 The Income Tax Return (ITR) season for FY 2024–25 (AY 2025–26) has begun, and lakhs of taxpayers in India will file their returns online. Every year the changes in income tax filling lead to difficulty and some ease at the same time. The process become easy to file income tax return but the changes on portal and in rules make people difficult to understand the things for file own self.This year many changes done on portal to stop the fake deductions and create transparency in filling.While the process has become simpler, many people still make errors that lead to: ·          Delayed refunds ·          Tax department notices ·          Penalties or even scrutiny assessment To save you from these troubles, here are the top mistakes you must avoid while filing your ITR in 2025 , especially if you want ...

NPS vs PPF vs ELSS – Best Tax Saving Investment in 2025

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  Introduction: Why Tax Saving Is More Than Just Saving Tax In 2025, choosing the right tax-saving investment is not just about reducing your tax bill — it's about growing your wealth smartly. While Section 80C of the Income Tax Act allows deductions up to 1.5 lakh, not all instruments offer the same returns , liquidity , or risk level . Three of the most popular tax-saving options for Indian taxpayers are: ·          NPS (National Pension System) ·          PPF (Public Provident Fund) ·          ELSS (Equity Linked Saving Scheme) But which one is best for you in 2025? Let’s find out.     Deep Dive into Each Option   1. NPS – National Pension System What it is: A government-sponsored pension plan for individuals (including private employees and self-employed) to build a retirement corpus. NPS is a long-term retirement-fo...