INCOME TAX -2025 ALL IN

  INCOME TAX - FOR FINANCIAL YEAR 2024-25 (AY 2025-26)

(NOTE - This post is further to our post (CLICK) for past FY in this site ) )

1. For the FY 2024-25 (current) even though not many changes have been made from the previous year,  the New Regime has further been made more attractive and beneficial for a larger segment of Middle Class Tax payers.  For a Taxable Income of 12 Lakhs the total savings for  salaried person incl pensioner savings to the extent of Rs 17000 have been incorporated as compared to FY 2023-24.

YOUR WILL - A MUST & HOW TO

WHY MAKING AN APPROPRIATE WILL IS ABSOLUTELY NECESSARY FOR VETERANS

 (YOU CAN  IGNORE THIS AT THE PERIL OF YOUR SPOUSE & CHILDREN)

It is unfortunate that most of us have no understanding of the importance of making a WILL . They keep pending or simply ignore. PLEASE REMEMBER THAT The wife is not the only Natural Heir of the person, after the death of the officer all his properties will be distributed equally among his wife and children.  It is equally valid in case of the wife as well. The Indian succession Act a copy of which is available on this site is very clear on this distribution to all the legal heirs. The big question here is whether you will not like to leave your wife as MASTER and absolute owner of all your assets or leave her to share your assets with children thereby denying her the right of being an independent QUEEN in her remaining life, rather than being partly or wholly dependent on children. 

 

SPARSH - ANNUAL LIFE CERTIFICATE

 ANNUAL LIFE CERTIFICATES

(MULTIPLE OPTIONS ARE GIVEN HERE)

On migration to SPARSH we have given our LIFE CERTIFICATES which remained valid for one full year irrespective of the month we had submitted the ALC. It is no more restricted to NOV of every year one can submit the ALC any time of the year to avoid rush in Nov month. We have outlines multiple options for the submission of Life certificates by the pensioners and family pensioners. We start with manual Life Certificate which is the most common and does away with biometric identification.  

Detailed Instructions for the NRIs are included in this post