Smart Money Adviser

₹50,000 Monthly Salary: A Practical Budget, SIP and Emergency-Fund Plan : A salary of ₹50,000 a month can feel comfortable on payday and surprisingly tight by the third week of the month. Rent goes out. Then come groceries, electricity, mobile bills, commuting costs, EMIs and the occasional dinner or online purchase. Before you know it, there may be very little left to invest. The problem is often not the salary alone. It is the absence of a system for deciding where the money should go before it gets spent. If ₹50,000 is your monthly take-home salary, you don't need an elaborate financial plan to get started. You need three things working together: a realistic monthly budget, an emergency fund and regular investments for long-term goals. Here is one practical way to structure them. First, Don't Invest Whatever Is Left at Month-End A common approach to money management looks like this: Salary → Expenses → Whatever remains → Savings The problem is obvious. Some months,...

Foreign Assets Showing in AIS? What Indian Taxpayers Must Do Before Filing ITR for AY 2026-27 : If you have a bank account, shares, ESOPs, a brokerage account or another financial asset outside India, there is an important change you should know about before filing your income tax return for Assessment Year (AY) 2026-27. On 20 July 2026, the Income Tax Department announced that taxpayers can now view information relating to their foreign assets in the Annual Information Statement (AIS) . The information is based on data received through international information-exchange mechanisms such as the Common Reporting Standard (CRS) and FATCA. For taxpayers with overseas financial connections, this makes checking AIS before filing the return more important than ever. Finding a foreign asset in AIS does not automatically mean that additional tax is payable . But it should not be ignored either. The information needs to be checked against your own records and, where applicable, correctly dis...

Old vs New Tax Regime in 2026: Which One Actually Saves You More Tax? Choosing between the old and new tax regimes used to be relatively straightforward. If you claimed HRA, invested ₹1.5 lakh under Section 80C, paid Old or new tax regime for AY 2026-27? Compare latest tax slabs, ₹12.75 lakh zero-tax salary, HRA, 80C, home loan and real examples. premiums and had a home loan, the old regime was often worth considering. That calculation has changed significantly. For income earned during FY 2025-26 (AY 2026-27) , the new tax regime comes with wider slabs and a substantially higher rebate under Section 87A. An eligible resident individual with total income of up to ₹12 lakh can have no tax payable under the new regime, provided the income qualifies for the rebate. For salaried taxpayers, the ₹75,000 standard deduction can effectively take the zero-tax salary level to ₹12.75 lakh , assuming the income is normal slab-rate income and the other conditions are satisfied. That raises an o...