How to save tax on fixed deposit interest? Here are 6 ways

FDs are a widely chosen method of saving, but they are not tax-efficient. The interest earned from FDs is considered a part of your taxable income. However, there are strategies to minimize your tax obligations in this regard.

Independence Day 2023: How do millennials and Gen Z achieve financial independence?

Investing in yourself, living within your means, and setting financial goals are some things millennials and Gen Z can do to take care of their financial independence.

ITR filing: Have you freelanced with a full-time job? A step-by-step guide to file tax returns

<ul><li>You can use ITR-3 or ITR-4 to file ITR if you have freelancing income and salary income in one financial year.</li></ul>

Are you a homemaker? Things to know before filing income tax return

If you have interest income, capital gains from investments or rental income beyond the basic exemption limit, then you must file ITR. 

ITR Filing: How to file income tax returns for freelancers?

As freelancers, you have the option to get your income audited or opt for the presumptive taxation scheme.

Mutual funds: Should you invest in SBI Contra Fund? Experts answer

Investors must be comfortable with the fund’s investment style rather than solely focusing on its past returns before investing in this fund.

Mutual funds: Should you invest in Kotak Emerging Equity Fund?

The fund has been a consistent performer with low downside risks. It is quite diverse, investing in 78 stocks that constitute 16 sectors.

Mutual funds: Should you invest in Axis Bluechip Fund?

The fund, with a stellar performance, has been witnessing poor returns compared to its peers. However, the fund has a strong conviction in its investment process and focuses on quality stocks.

Quant Small Cap Fund: Should you invest in it?

Quant Small Cap Fund has managed to beat the benchmark and category average in both trailing and rolling returns over the past three years, although it comes with a higher risk due to its high turnover ratio and quant-based investment approach.

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