How to Maximise Your Tax Refund & Put It to Work (Instead of Spending It)
For many of us, tax season feels like a mix of relief and chaos. You gather documents, triple-check Form 16, pray the portal doesn’t crash, and finally hit “Submit.” And then weeks later you see that magical SMS: “Your tax refund has been credited.” Let’s be honest, most of us treat it like a surprise […]
Financial Year vs Assessment Year: What’s the Difference?
A common confusion among women is the difference between Financial year vs Assessment year. While it may be easy to get confused between the two, there are some very important differences between the terms. As a woman, it is imperative to understand the difference between Assessment year vs Financial year so that no errors are […]
Tax Planning Strategies for Mutual Fund Investors
Investing in Mutual Funds can be very exciting. In the process of investing for your goals and watching your money grow, it is common for women to forget about a crucial aspect of investing i.e., Tax Planning. This blog will provide some insight on taxation on mutual funds and how to save tax on mutual […]
ELSS vs PPF: Choosing the Best Investment for Tax Savings
When it comes to tax-saving investments, understanding the choices is key. In this comprehensive guide, we delve into the world of “ELSS vs PPF,” helping you make well-informed financial decisions. Equity Linked Savings Schemes (ELSS) and Public Provident Fund (PPF) are both popular options, but which one suits your needs better? Join us as we […]
5 Benefits of Filing Income Tax Returns
After your income exceeds a certain level, income tax is imposed. Income tax return needs to be filed to pay these taxes. It is always a good idea to file a tax return. But why is this the case? Let’s look at some of the most important benefits of filing ITR! 1. Crucial document while […]
Is FD risk free?
Introduction: When it comes to investing your hard-earned money, one of the options that often comes to mind is Fixed Deposits, commonly referred to as FDs. FDs have been a go-to choice for women for decades, mainly due to their perceived safety. But is FD risk free? In this blog, we’ll break down the concept […]
NPS: What are the tax benefits and who should invest?
Introduction- NPS, stands for National Pension Scheme, stands as one of the options amongst women when it comes to securing their retirement, NPS. Designed to cater to employees across various sectors, NPS offers both, investment for retirement and tax savings, providing a dual advantage. In this blog, let’s deep dive into the tax benefits associated […]
A Simplified Guide to Income Tax for Housewife
Do homemakers need to file ITR? When it comes to filing Income Tax Returns, many homemakers often find themselves in a dilemma. After all, if they do not have a primary source of income, do they really need to go through the process of filing ITR? Understanding the tax obligations for Housewife is essential to […]
Unveiling the Best: Old vs New Tax Regime 2023
In the ever-evolving realm of taxation, the choice between the old and new tax regime for 2023 is a pivotal decision. Our insightful blog at LXME delves into the intricacies of the Budget 2023, shedding light on the critical factors influencing your choice between the old and new tax frameworks. As we explore the nuances, […]
Simple Checklist to Make Filing Your Taxes Easier
The tax filing season is back, and below is a curated checklist to help file your ITR. Step 1: Keep your documents handy Step 2: Visit the e-filing portal Read More : How to create 1 crore in 15 years Step 3: The next step is to e-file your income tax returns –