The last day of the financial year is considered a deadline to fulfil financial obligations, such as tax-saving investments, furnishing updated returns, etc. Failing to do so may result in a penalty. 

Several factors need to be kept in mind when selecting a regular income instrument for senior citizens, such as return, risk, tenure, lock-in requirement, etc.

New tax regime has eliminated various deductions under the Income-tax Act. Read on to learn if you can claim standard deductions in FY2022-23

The Income-tax Act, 1961 requires people to pay advance tax if their tax liability is Rs 10,000 or more in a financial year. However, seniors have some exemptions