At the time of income tax filing, one of the essential income tax documents for salaried individuals is the Income Tax Form 16. What makes form 16 important for income tax filing is that it contains a record of the gross salary paid, taxes deducted from the income, the allowances exempt from taxes, and other income as well as tax details for the applicable financial year. Basically, Form 16 serves as a detailed record of income, deductions and taxes levied during a financial year on a salaried individual. But this is just a surface-level understanding of what the use of Form 16 is.

In the Union Budget speech on February 1, 2026, Finance Minister Nirmala Sitharaman made no changes to the Income Tax Slabs and Rates from the previous year. However, these were some changes regarding other aspects of direct taxes in India. These include implementation of the revamped Income Tax Act 2025 in FY 26-27, changes to the securities transaction tax (STT) rate for future and options, extension of time limit for filing revised returns and more.

Securing your family’s financial future is essential to ensure their daily needs are met in your absence. A term insurance plan provides life cover to you and financial protection to your dependents. If you are looking for investment returns along with life coverage, ULIPs can serve you better. Learn the ULIP vs term insurance comparison to know their features, along with factors that influence your decision.

The choice between a Unit-Linked Insurance Plan (ULIP) and a Systematic Investment Plan (SIP) can be confusing. ULIPs combine investment and insurance, while SIPs focus on wealth creation over time. Therefore, the investor must understand the important differences between ULIPs and SIPs to choose the one that aligns with their long-term financial targets. Read on for detailed ULIP vs SIP comparison!

Decreasing term insurance is a type of life cover where the sum assured reduces over time, usually in line with a loan you have taken. It helps protect your family from liabilities like home loan, personal loan etc, at a significantly lower premium. Decreasing term insurance works well for those who want cost-effective protection without paying for excess cover.