The Shubh Vibes

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 ...

  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...

Introduction: Why Filing ITR Matters in 2025 Income tax is a tax charged on the annual income of an individual or business earned in a financial year. The Income Tax system in India is governed by the Income Tax Act, 1961, which lays out the rules and regulations for income tax calculation, assessment, and collection. Filing your Income Tax Return (ITR) is more than a tax task — it’s a responsible financial habit. Whether you’re salaried, self-employed, or a freelancer, filing helps you: ·          Avoid penalties ·          Claim TDS refunds ·          Get loan approvals and visa clearances ·          Maintain financial transparency For FY 2024–25 (1 April 2024 to 31 March 2025), returns must be filed in Assessment Year 2025–26 , before 31st July 2025 (non-audit cases).  Income Tax Slabs for ...