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Retiring soon? Avoid these tax mistakes that can quietly drain your savings

Retirement is often seen as a reward for years of hard work, offering time, freedom, and flexibility. However, it also brings a significant change in how income is earned and taxed. Instead of a single salary slip, retirees begin receiving income from multiple sources such as pension, bank interest, fixed deposits, rental income, and investment withdrawals. This sudden shift creates confusion, and even small tax oversights during the first year of retirement can quietly reduce lifetime saving

Finance & Economics

20 Jan 2026 07:24 AM 41 views

Retiring soon? Avoid these tax mistakes that can quietly drain your savings

Retirement is often seen as a reward for years of hard work, offering time, freedom, and flexibility. However, it also brings a significant change in how income is earned and taxed. Instead of a single salary slip, retirees begin receiving income from multiple sources such as pension, bank interest, fixed deposits, rental income, and investment withdrawals. This sudden shift creates confusion, and even small tax oversights during the first year of retirement can quietly reduce lifetime saving

Finance & Economics

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind

Business

29 Dec 2025 07:07 AM 74 views

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind

Business

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Business

16 Sep 2025 04:52 AM 409 views

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Business

Filing ITR Early Can Speed Up Your Tax Refund: Here's How

If you’re wondering whether filing your Income Tax Return (ITR) early will help you get your tax refund faster, the answer is generally yes as long as your return is correct, complete, and verified on time. Filing early ensures that your return is processed smoothly, especially during the less congested period before the September 15, 2025 deadline. Why Early Filing Increases Your Chances of a Quicker R

Money & Investments

08 Jul 2025 09:51 AM 1.61k views

Filing ITR Early Can Speed Up Your Tax Refund: Here's How

If you’re wondering whether filing your Income Tax Return (ITR) early will help you get your tax refund faster, the answer is generally yes as long as your return is correct, complete, and verified on time. Filing early ensures that your return is processed smoothly, especially during the less congested period before the September 15, 2025 deadline. Why Early Filing Increases Your Chances of a Quicker R

Money & Investments

First Time Filing ITR? Avoid These 7 Common Mistakes

Filing your income tax return (ITR) for the first time is a milestone in financial responsibility, but it also comes with its share of confusion and potential pitfalls. From choosing the correct form to verifying the return, a few missteps can delay refunds or even invite scrutiny from the Income Tax Department. With the ITR filing season for Financial Year 2024–25 now open, new taxpayers must stay alert and informed.

Tips and Tricks

07 Jul 2025 08:29 AM 768 views

First Time Filing ITR? Avoid These 7 Common Mistakes

Filing your income tax return (ITR) for the first time is a milestone in financial responsibility, but it also comes with its share of confusion and potential pitfalls. From choosing the correct form to verifying the return, a few missteps can delay refunds or even invite scrutiny from the Income Tax Department. With the ITR filing season for Financial Year 2024–25 now open, new taxpayers must stay alert and informed.

Tips and Tricks

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#taxtips

Retiring soon? Avoid these tax mistakes that can quietly drain your savings

Retiring soon? Avoid these tax mistakes that can quietly drain your savings

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

Filing ITR Early Can Speed Up Your Tax Refund: Here's How

Filing ITR Early Can Speed Up Your Tax Refund: Here's How

First Time Filing ITR? Avoid These 7 Common Mistakes

First Time Filing ITR? Avoid These 7 Common Mistakes

Mamdani to meet President Trump as affordability, safety take center stage

Houston Passes $7B Budget, Raises Pay for Police, Fire

World Bank Delegation Meets Andhra Pradesh CM

India's First 410-Meter Hyperloop Test Track Completed

Nandamuri Balakrishna Visits Andhra Education Society School In Mumbai, Inspires Students

Lemuria Event at Great Mall Blends Latino Heritage Celebration with Live Entertainment

Debris of Japanese Moon Mission Spotted by NASA and Chandrayaan-2

Origin Entrepreneur Raj Sardana Built a $2 Billion Fortune After Moving to the US on an H-1B Visa

The Future of Virtual Reality (VR) in Gaming and Beyond

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

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Mamdani to meet President Trump as affordability, safety take center stage

Houston Passes $7B Budget, Raises Pay for Police, Fire

World Bank Delegation Meets Andhra Pradesh CM

India's First 410-Meter Hyperloop Test Track Completed

Nandamuri Balakrishna Visits Andhra Education Society School In Mumbai, Inspires Students

Lemuria Event at Great Mall Blends Latino Heritage Celebration with Live Entertainment

Debris of Japanese Moon Mission Spotted by NASA and Chandrayaan-2

Origin Entrepreneur Raj Sardana Built a $2 Billion Fortune After Moving to the US on an H-1B Visa

The Future of Virtual Reality (VR) in Gaming and Beyond

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

#taxtips

Retiring soon? Avoid these tax mistakes that can quietly drain your savings

Retiring soon? Avoid these tax mistakes that can quietly drain your savings

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

Filing ITR Early Can Speed Up Your Tax Refund: Here's How

Filing ITR Early Can Speed Up Your Tax Refund: Here's How

First Time Filing ITR? Avoid These 7 Common Mistakes

First Time Filing ITR? Avoid These 7 Common Mistakes

Mamdani to meet President Trump as affordability, safety take center stage

Houston Passes $7B Budget, Raises Pay for Police, Fire

World Bank Delegation Meets Andhra Pradesh CM

India's First 410-Meter Hyperloop Test Track Completed

Nandamuri Balakrishna Visits Andhra Education Society School In Mumbai, Inspires Students

Lemuria Event at Great Mall Blends Latino Heritage Celebration with Live Entertainment

Debris of Japanese Moon Mission Spotted by NASA and Chandrayaan-2

Origin Entrepreneur Raj Sardana Built a $2 Billion Fortune After Moving to the US on an H-1B Visa

The Future of Virtual Reality (VR) in Gaming and Beyond

BCCI Appoints Achal Kumar Jyoti as Electoral Officer for Elections

Popular Cities