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    The 8-4-3 Rule of SIP – How Does It Work?

    Leave a Comment / Investments /

    What is the 8-4-3 Rule? It’s a simple investing principle that shows how time, discipline, and SIPs can create long-term wealth: Invest ₹8,000/month for 20 years at 12% annual return, and you’ll build approx. ₹1 crore corpus. Here’s how the 8-4-3 rule breaks down: Number Represents 8 ₹8,000 monthly SIP 4 ₹4 lakh invested every 4 years 3 ₹3x growth every 10 years (via compounding)  Example Calculation: ₹8,000/month = ₹96,000/year In 20 years, you invest ₹19.2 lakhs At 12% CAGR (typical for equity mutual funds), you get: ₹1 crore+ maturity value The rule highlights how SIPs + time + compounding = wealth.  How EzyMoneyDeals Helps You Apply the 8-4-3 Rule: Tool/Feature How It Supports the Rule  SIP Calculator Shows how ₹8,000/month grows over 20 years  Goal Planner Set ₹1 crore as your goal, back-calculate SIP amount  SIP Booster Auto-increase SIP yearly to reach your corpus faster  Growth Tracker See year-by-year projections and performance  Direct Fund Access Invest in zero-commission funds for better returns  Advisor Support Help you pick top-rated equity funds for 12%+ potential returns  Benefits of Following the 8-4-3 Rule: No need to time the market — Just be consistent Builds long-term wealth with moderate effort Ideal for salaried investors or first-time mutual fund investors Gives you a clear, achievable ₹1 crore goal  Conclusion: The 8-4-3 Rule is not just about numbers — it’s about developing the right investing habit. With platforms like EzyMoneyDeals, you can start small, stay disciplined, and track your journey to ₹1 crore effortlessly.  

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    9 Things to Do When Losing Money in Mutual Funds

    Leave a Comment / Investments, Uncategorized /

    Losing money in mutual funds can be stressful, but it doesn’t always mean you need to exit. Here are nine smart steps to take—and how EzyMoneyDeals can guide you through each one. Stay Calm – Don’t Panic Sell Why: Panic-selling during market dips can lock in temporary losses and destroy long-term wealth. EzyMoneyDeals Support: Provides market commentary and expert updates to keep your emotions in check. Sends push notifications to avoid knee-jerk reactions. Revisit Your Investment Goals Why: Short-term losses don’t matter if your goals are long-term. EzyMoneyDeals Support: Allows you to tag investments to specific goals like retirement, home buying, or education. Tracks goal progress even during market dips to maintain clarity. Evaluate the Overall Market Situation Why: Sometimes it’s not your fund—it’s the entire market correcting. EzyMoneyDeals Support: Offers live market insights, news alerts, and sentiment analysis. Helps differentiate between systematic risk (market-wide) and fund-specific risk. Review the Specific Mutual Fund’s Performance Why: If your fund is underperforming consistently (vs. its benchmark or peers), it might be time to switch. EzyMoneyDeals Support: Offers side-by-side comparisons with similar funds. Highlights persistent underperformance or management changes. Rebalance Your Portfolio Why: Losses in one area may mean your asset allocation is off-balance. EzyMoneyDeals Support: Tracks your ideal vs. current asset mix. Recommends rebalancing actions automatically. Continue or Increase SIPs to Average Down Why: Buying during market lows reduces your average cost per unit (Rupee Cost Averaging). EzyMoneyDeals Support: Makes it easy to increase SIP amounts or do one-time top-ups. Offers SIP booster features to invest more during dips. Check Fund Manager Strategy & Holdings Why: A good fund might be temporarily down due to short-term sector exposure or strategic bets. EzyMoneyDeals Support: Provides portfolio holdings and strategy breakdowns of each fund. Alerts you if there’s a change in fund manager or style. Reassess Your Risk Profile Why: If losses are causing anxiety, you may be overexposed to riskier assets. EzyMoneyDeals Support: Offers a quick risk profile assessment tool. Adjusts portfolio recommendations accordingly. Consult an Investment Advisor Why: Professional advice can provide clarity and customized strategy during uncertain times. EzyMoneyDeals Support: Gives you access to SEBI-registered advisors. Offers 1-on-1 portfolio reviews to guide you on hold, switch, or exit decisions.

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    7 Reasons Why You Should Start Retirement Planning Early

    Leave a Comment / Investments, Uncategorized /

    Power of Compounding The earlier you start, the more time your money has to grow. ₹5,000/month invested at 12% for 20 years = ₹50+ lakh The same for 30 years = ₹1.76 crore+ Time turns small investments into large wealth. Lower Monthly Contributions Needed Starting early means you can invest smaller amounts consistently. Start Age Monthly SIP Needed for ₹1 Cr at 60 (12%) 25 ₹2,000 approx 35 ₹6,000 approx 45 ₹18,000 approx You save less stress and more money. More Risk-Taking Ability When you’re young, you can invest in higher-return options like equity for the long term. You recover better from market fluctuations. Allows a more aggressive asset allocation. Stress-Free Financial Life Early planners avoid last-minute financial panic. No need for big sacrifices or risky bets. Enjoy peace of mind and financial freedom. Beating Inflation Over Time Costs of healthcare, housing, and food are rising. Planning early helps build a retirement corpus that can outpace inflation. Tax Benefits Over a Longer Period You can use tools like ELSS, PPF, and NPS to save on taxes annually. More years = More deductions claimed. Greater overall benefit to your retirement corpus. Enjoy Retirement on Your Terms Want to retire early? Travel? Start a hobby business? Early planning gives you options, not limitations. You retire by choice, not by compulsion.  Final Thought: “Retirement is not an age, it’s a financial goal. The earlier you start, the sooner you get there.”    

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    Zero Tax on Business Turnover up to ₹2 Crore – For AY 2026–27

    Leave a Comment / Income Tax, Most Popluar /

    Great news for small business owners! For the Assessment Year 2026–27, you can legally pay zero income tax on business turnover up to ₹2 crore, thanks to the Presumptive Taxation Scheme (Section 44AD) — with minimal paperwork and hassle. 🔍 What Is Section 44AD? Section 44AD of the Income Tax Act allows small business owners to declare income on a presumptive basis, which means: You don’t need to maintain detailed books of accounts. No audit is required. You report income as a fixed percentage of your turnover. ✅ Who Can Opt for Section 44AD in AY 2026–27? To be eligible, you must: Be an Individual, HUF, or Partnership Firm (not an LLP) Be a Resident of India Run an eligible business such as: Trading Retail shops Small-scale manufacturing Have gross receipts or turnover up to ₹2 crore NOT be engaged in: Agency business Commission or brokerage services 💸 How Is Zero Tax Possible? Here’s how: You declare 8% of turnover as income(or 6% if receipts are digital — UPI, bank transfers, credit cards, etc.) If this presumptive income falls within the tax-free limits, you pay no tax. 📌 Example: Turnover: ₹2,00,00,000 (received digitally)Presumed Income (6%): ₹12,00,000 Under the new tax regime: Basic exemption limit = ₹4,00,000 Section 87A rebate = ₹60,000👉 Effective zero tax on income up to ₹12,00,000 🌟 Benefits of Section 44AD: ✅ No need to maintain books of accounts ✅ No audit under Section 44AB ✅ File ITR-4 (Sugam) quickly ✅ Saves time and compliance costs ✅ Best suited for shopkeepers, traders, freelancers, service providers ⚠️ Key Points to Remember: Turnover must not exceed ₹2 crore If you declare income less than 6% or 8%, audit becomes mandatory This applies for AY 2026–27 only if you opt for the new tax regime 🚀 File Smart with Ezymoneydeals At Ezymoneydeals, we make your ITR filing: 🔍 Auto-check eligibility for presumptive taxation 🧮 Calculate tax based on digital/cash turnover 📝 File ITR-4 easily and error-free 💬 Chat with experts if you need help 👉 Start Filing for AY 2026–27✅ Zero Tax✅ Full Compliance✅ Peace of Mind

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    Which Regime is Better: Old or New?

    Leave a Comment / Income Tax, Most Popluar /

    When filing your Income Tax Return (ITR), choosing between the old and new tax regimes can significantly impact your tax liability. Here’s a simplified breakdown to help you make an informed decision. Understanding the Basics Old Tax Regime: Allows for various exemptions and deductions like HRA, LTA, standard deduction, and investments under sections such as 80C, 80D, etc. New Tax Regime: Offers lower tax rates but removes most deductions and exemptions. Key Differences Income Slab Old Regime Rate New Regime Rate Up to 2.5L Nil Nil 2.5L – 5L 5% 5% 5L – 7.5L 20% 10% 7.5L – 10L 20% 15% 10L – 12.5L 30% 20% 12.5L – 15L 30% 25% Above 15L 30% 30% Pros and Cons Old Regime Pros: Beneficial for those who invest in tax-saving instruments and claim exemptions. Cons: Requires meticulous planning and documentation. New Regime Pros: Simpler filing process with reduced paperwork. Cons: May not be beneficial if you heavily rely on deductions. Who Should Choose What? Choose Old Regime If: You claim multiple deductions and exemptions. You have housing loans, insurance, or tuition fees. Choose New Regime If: You prefer a simplified tax structure. You do not have significant deductions. Conclusion Evaluate your annual income and eligible deductions to determine the most beneficial tax regime. Using online tax calculators or consulting a tax professional can further aid in making the right choice. Making the right decision between the old and new tax regimes can lead to substantial savings and a smoother filing process.

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    What Things To Keep In Mind When Filing ITR

    Leave a Comment / Income Tax /

    When you file your Income Tax Return (ITR), accuracy is key. This helps you avoid notices, penalties, and delays in getting your refunds. Here’s a checklist of key things to keep in mind: Before Filing Collect All Documents Form 16 (from employer) Form 26AS (tax summary from the IT dept) Annual Information Statement (AIS) Bank interest certificates (FD/SB) Investment proofs (80C, 80D, etc.) Capital gains details (if applicable). Choose Correct ITR Form ITR-1: Salaried individuals with simple income. ITR-2: Income from capital gains or >1 property ITR-3: Business/professional income ITR-4: Presumptive income scheme Verify Personal Info PAN, Aadhaar, address, mobile, bank account (for refunds) While Filing Report All Income Salary Interest (savings, FDs, etc.) Capital gains Freelancing, side gigs, rent, etc. (Don’t hide anything — it’s all tracked in AIS) Ensure accurate claim deductions. 80C (LIC, PPF, ELSS, etc.) 80D (health insurance) 80TTA/TTB (savings interest) Home loan interest (Section 24) Cross-Check TDS Match TDS in Form 16 with Form 26AS and AIS Pay Self-Assessment Tax (if needed) If tax is still due, pay via Challan 280 before submitting ITR Check Tax Regime (Old vs New) Select the one that gives the lowest tax for your case After Filing e-Verify the Return Use Aadhaar OTP, net banking, bank account, or Demat verification You must complete it within 30 days of filing. Save Acknowledgment & XML File Useful for future reference, loans, or audits Common Mistakes to Avoid Choosing wrong ITR form Double-claiming deductions Ignoring Form 26AS/AIS mismatches Missing out income from old employer (job switch) Not e-verifying return Ezymoneydeals Assistance Ezymoneydeals offers comprehensive assistance in filing your ITR, ensuring accuracy and compliance. Their services include: Document Verification: Ensuring all necessary documents are in order. Form Selection: Helping you pick the right ITR form for your income sources. Tax Calculation: Calculating your tax liability with precision and identifying eligible deductions. Filing and Verification: Filing your ITR and assisting with the e-verification process. We can simplify the ITR filing process. Our team ensures you meet all the requirements and deadlines. For personalized help or questions about your ITR filing, just ask! Team Ezymoneydeals

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    Updated Return

    Everything You Need to Know About Updated Return (ITR-U)

    Leave a Comment / Income Tax /

    Everything You Need to Know About Updated Return (ITR-U) Missed declaring some income? Correct your past ITRs by using the Updated Return option. Filing taxes is important. Mistakes can happen. You might miss income, make wrong deductions, or use the wrong ITR form. The Income Tax Department has a solution: the Updated Return under Section 139(8A) of the Income Tax Act. This article explains what an Updated Return is. It also explains who can file, the deadlines, and penalties. Plus, it shows how ezymoneydeals simplifies the process. What is an Updated Return (ITR-U)? An Updated Return allows taxpayers to fix or change their previous tax return. They can report missed or under-reported income. This is true even if the deadline for a Revised or Belated Return has passed. This option encourages voluntary compliance and helps you avoid later penalties or scrutiny. Time Limit for Filing an Updated Return You can file an Updated Return within 48 months from the end of the assessment year. Who Can File an Updated Return? You can file an updated return if you: Did not file your ITR earlier. Omitted or underreported income in your original or revised return. Want to pay taxes before getting a notice. Who Cannot File an Updated Return? You cannot file an Updated Return if: You’re claiming a refund or want to lower your tax. Your updated return shows losses or lower income. You are filing during an assessment or scrutiny. You face a search or seizure case under income tax laws. Additional Tax on Updated Return The government encourages voluntary disclosure but imposes penalties to ensure compliance. 25% of additional tax + interest if filed within 12 months. 50% of additional tax + interest if filed between 12–24 months. 60% of additional tax + interest if filed between 24–36 months. 70% of additional tax + interest if filed between 36–48 months. This is in addition to the regular tax and interest owed. Example: If you forgot to report ₹1,00,000 in income and owe ₹15,000 in tax: If you file within 12 months, total tax = ₹15,000 (tax) + ₹3,750 (25% of tax) = ₹18,750 (+ interest). If you file between 12–24 months, penalty = ₹7,500 (50%), so total = ₹22,500 (+ interest). Why Should You File an Updated Return? Avoid notices and penalties. Stay compliant with reporting changes (AIS, Form 26AS). Disclose foreign income or crypto gains you missed. Claim peace of mind before scrutiny begins. How Ezymoneydeals Helps You File Updated Returns Filing an Updated Return needs attention, especially with penalties and rules. At Ezymoneydeals, we provide: Guided ITR-U filing with clear instructions. Auto-import of your previous return & Form 26AS/AIS data. Expert review of discrepancies and missed income. Smart calculation of penalties and interest. Support for crypto, capital gains, F&O, business, and foreign income returns. Final Thoughts Updated Returns offer a chance to correct tax mistakes before they lead to notices. Whether it’s undeclared income or a form error, it’s better to fix it now than to regret it later. Let Ezymoneydeals handle late corrections—fast, secure, and accurate. File Your Updated Return Now Need help? Chat with our expert advisors anytime!

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    Tax planning when change employer during the year

    Leave a Comment / Income Tax /

    Changing jobs within the same financial year is common—but it can lead to tax issues if not handled properly. Mistakes can result in: Unpaid taxes Duplicate deductions Higher tax bills at year-end Here’s how to handle your tax planning effectively when you switch jobs. 1. Share Previous Income with Your New Employer Your new employer doesn’t automatically know your earlier income. Make sure to provide: Form 16 or salary slips from your previous employer Details of tax deductions already claimed This helps ensure: Correct TDS (Tax Deducted at Source) No double tax benefits (e.g., claiming 80C twice) 2. Combine Income from Both Employers in ITR When filing your Income Tax Return (ITR): Add income from both employers Use Form 16 from each employer Include bonuses, arrears, or advance salary 💡 Remember: Income tax is calculated on your total income, not separately per employer. 3. Avoid Double Deductions Be cautious to not claim the same benefit twice, such as: HRA (House Rent Allowance) Standard Deduction (₹50,000 allowed only once) Section 80C/80D deductions already claimed earlier 4. Pay Additional Tax if Needed Switching jobs might place you in a higher tax bracket, but each employer deducts tax based only on your income with them. This often leads to a tax shortfall. Use an online tax calculator to check your final tax liability If needed, pay self-assessment tax via Challan 280 before filing your return 5. Submit Form 12B (Optional but Helpful) When joining a new employer, submit Form 12B (includes details of your previous salary and TDS). This allows your new employer to: Calculate TDS accurately Avoid over- or under-deduction of tax 6. Re-Declare Investments to New Employer If you declared investments under Sections 80C, 80D, etc., to your old employer: Declare them again to the new employer (if not fully deducted) Keep all proofs for year-end review or while filing ITR 7. Claim TDS Refund if Overpaid If both employers deduct TDS without adjusting for deductions: You might end up paying extra tax File your ITR to claim a refund 8. Consider Professional Help EzyMoneyDeals offers complete tax planning services for just ₹2,999. Their offerings include: Investment Guidance: Choosing the right tax-saving options under 80C, 80D, etc. Personalized Tax Strategy: Reduce your total tax liability Document Help: Support for collecting and submitting necessary paperwork They also provide ITR filing services starting at ₹499, depending on income complexity. 9. File Your ITR Promptly Once the financial year ends: Consolidate income from both employers File your ITR to claim refunds Avoid penalties and late fees ✅ Example Let’s say: Employer A: Paid ₹6,00,000 | TDS: ₹10,000 Employer B: Paid ₹7,00,000 | TDS: ₹15,000 Total Income: ₹13,00,000 Total Tax Due: ~₹1,70,000 Since TDS = ₹25,000, you’ll need to pay the remaining ₹1,45,000 as self-assessment tax before filing your return.

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    Revised ITR: Correct Your Tax Return with Ease

    Leave a Comment / Income Tax /

    File a Revised Income Tax Return with Confidence – Powered by Ezymoneydeals Made a mistake in your Income Tax Return? Don’t worry — the Income Tax Department allows you to revise your ITR easily. Whether it’s a missed deduction or a typo, you can fix it. What is a Revised ITR? A Revised Return lets you correct any mistakes in your original Income Tax Return (ITR).Filed under Section 139(5) of the Income Tax Act, this option helps you: Fix wrong income entries Claim missed deductions Correct TDS mismatches Update incorrect bank or personal details Revised ITR Deadline for FY 2024–25 (AY 2025–26) Last date to revise your return: March 31, 2025 You must have filed your original ITR before the due date (July 31, 2025) to be eligible. Common Reasons for Revising Your ITR You should file a revised ITR if: ✅ You forgot to claim deductions (like 80C, 80D)✅ Missed reporting income (bank interest, rent, capital gains)✅ TDS does not match with Form 26AS or AIS✅ Bank or personal details were entered incorrectly✅ There were mistakes in tax calculation How to File a Revised ITR (Step-by-Step) Log in to www.incometaxindia.gov.in Go to ‘e-File’ → ‘Income Tax Return’ Choose ‘Revised Return under Section 139(5)’ Select the correct Assessment Year Enter your original ITR Acknowledgment Number Make the necessary corrections Submit and e-verify within 30 days How Ezymoneydeals Makes It Easy for You We help you file your revised ITR quickly and accurately. Here’s how: ✅ Error Check & Correction We compare your return against: Form 26AS AIS/TIS reports Deductions you may have missed Other income like capital gains or interest → So nothing gets left out.→ You see the updated tax impact instantly. ✅ Expert Support Our tax experts will: Review your revised return Help with document submission and verification Ensure 100% legal compliance→ So you don’t make any mistakes again. Why Choose Ezymoneydeals? ✅ Fast & error-free revised filing ✅ Trusted by thousands of happy users ✅ Safe, secure, and compliant ✅ On-demand tax expert support ✅ Track refund status easily File Your Revised ITR Now Mistakes happen — but they don’t have to cost you.Let Ezymoneydeals fix your return the right way. 👉 Visit: www.ezymoneydeals.com📞 Need help? Contact our support anytime — we’re here for you!

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    How to File Your ITR Without a CA – Step-by-Step Guide (Free & Easy)

    Leave a Comment / Income Tax /

    Yes, you can absolutely file your Income Tax Return (ITR) yourself—no need to hire a Chartered Accountant (CA) if your finances are straightforward. Follow this simple, step-by-step guide to file your ITR online for free using the official Income Tax e-Filing Portal. 📝 Step 1: Gather Required Documents Before you begin, keep these handy: PAN card Aadhaar card Form 16 (from your employer, if salaried) Bank account details Interest certificates (from FDs, savings, etc.) Investment proofs (for deductions under 80C, 80D, etc.) Form 26AS (summary of TDS and taxes paid) 🔐 Step 2: Login to the e-Filing Portal Go to https://www.incometax.gov.in Click “Login” (or Register if you’re a new user) Use your PAN number as the user ID 🧾 Step 3: Start Filing Your Return Choose “File Income Tax Return” Select the relevant Assessment Year (e.g., AY 2025–26 for FY 2024–25) Choose: Online mode Individual Appropriate ITR form (usually ITR-1 for salaried individuals) 🔍 Step 4: Pre-fill and Verify Your Details The portal will auto-fill many fields using Form 26AS and AIS (Annual Information Statement).Cross-check all details with your Form 16, bank statements, and interest certificates. 💸 Step 5: Declare Deductions (if any) Under the “Tax Deductions” section, add: Section 80C: LIC, PPF, ELSS, EPF, tuition fees, etc. Section 80D: Health insurance premiums Section 80TTA/TTB: Interest on savings account Home loan interest (if applicable) 🧮 Step 6: Preview & Calculate Tax Review your total income, deductions, and tax payable/refund If you owe tax, pay it using Challan 280 Note down the BSR Code and Challan Number after payment 📲 Step 7: Submit & e-Verify Click “Submit” Complete e-Verification using one of the following: Aadhaar OTP Net banking Bank account/Demat validation 📌 Important: Your return is not processed unless e-verified. 🤔 Do You Really Need a CA? Not everyone needs to hire a CA. Here’s when you can skip it—and when you shouldn’t. ✅ You DON’T Need a CA If: You’re a salaried employee with one Form 16 You don’t own a business or multiple properties You don’t have foreign income or foreign assets You don’t have capital gains from shares, crypto, or property You’re not claiming complex deductions or carrying forward losses 👉 In such cases, use the Income Tax Portal or affordable services like EzyMoneyDeals. ✅ You SHOULD Consider a CA (at EzyMoneyDeals) If: You’re self-employed or own a business You have income from multiple sources (rent, trading, freelancing) You need to file for capital gains tax (from stocks, mutual funds, crypto, property) You want to carry forward losses You’re facing scrutiny, notices, or delayed refunds You want to optimize tax savings legally In these situations, a CA from EzyMoneyDeals ensures accurate filing, avoids penalties, and may even reduce your tax bill. 💰 Cost Comparison Filing Option Approx. Cost Best For Self-Filing (DIY) Free Salaried, simple income cases EzyMoneyDeals (Basic) ₹499+ Salaried, semi-complex tax situations CA via EzyMoneyDeals ₹1000–₹5000+ Businesses, capital gains, complex cases 🔚 Bottom Line ✅ Simple tax case? File it yourself—save money. ✅ Semi-complex case? Use a platform like EzyMoneyDeals. ✅ Complex tax situation? Hire a CA through EzyMoneyDeals for peace of mind.

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