PNB MetLife

In today’s digital age, income tax e-filing has become the standard way for individuals and businesses to report their income and pay taxes in India. The Income Tax Department offers a user-friendly platform to file tax returns online, making the process faster, more accurate, and paperless. What is Income Tax E-Filing? E-filing or electronic filing is the process of submitting your Income Tax Returns (ITR) online. Instead of submitting physical forms at the Income Tax office, taxpayers can now file their returns directly through the Income Tax Department’s website ( https://www.incometax.gov.in/ ) or via authorized portals. E-filing is mandatory for individuals with a total income exceeding ₹2.5 lakh per annum (for those below 60 years of age). It is also compulsory for businesses, firms, companies, and those seeking a tax refund or carrying forward a loss. Benefits of E-Filing Convenience : File from anywhere, anytime. Faster Processing : Refunds and acknowledgments are pro...

 In the world of financial planning, it is important to understand investment-cum-insurance options like ULIPs, as well as the basics of income tax such as TDS on salary. Both play a key role in managing personal finances, saving for the future, and ensuring tax compliance. What is ULIP Insurance? A ULIP (Unit Linked Insurance Plan) is a hybrid financial product that combines life insurance coverage with investment opportunities . When you invest in a ULIP, a part of your premium goes toward providing life insurance coverage, and the remaining amount is invested in market-linked instruments such as equity, debt, or balanced funds , depending on your risk appetite. ULIPs are popular for several reasons: Dual Benefit : They provide both protection (insurance) and wealth creation (investment). Tax Benefits : Premiums paid toward ULIPs are eligible for tax deductions under Section 80C of the Income Tax Act. Moreover, the maturity amount may be tax-free under Section 10(10D)...