Section 139 of the Income Tax Act governs the filing of income tax returns by every individual with income above the basic exemption limit.

People normally invest in annuities, SCSS, etc. to get a decent return for meeting their expenses. However, if you have a residential property, you can rent it out to earn a decent rental income for the rest of your life after retirement.

Section 24 of the Income-tax Act of 1961 allows taxpayers to claim tax deductions against home loan interest and income from a rental property in a financial year. Learn more.

When you plan investments for your retirement, you need to choose the assets in such a way that it also fulfils your regular income needs. 

Retirement connotes a relaxed life with pursuing hobbies, travelling, and much more. But if there are not enough savings, these endeavours would remain unfulfilled. This is where a passive income can be a saviour

For some retirees, it is better to live in a rented house than in their own home. In many situations, a rented house works out to be a better proposition.

Find out how seniors can secure a stable and worry-free retirement by unlocking the power of passive income. Here are some smart strategies

One has to forgo various tax deductions if opting for the new tax regime, such as interest on a home loan under ‘Income from House Property’. However, there are still a few deductions that you can claim. Here’s a list of those deductions