Mark Financial advice

The letters after a planner's name and the registration behind them are two different things, and you want both. A certified financial planner has passed a rigorous qualification covering investments, tax, insurance, and estate matters, proving competence. Being a SEBI-registered investment advisor is the legal license to advise for a fee under a fiduciary duty. One shows knowledge; the other governs conduct. Checking only the credential, or only the registration, leaves a gap. Ask any certified financial planner for both before you trust them with a plan. As a SEBI-registered investment advisor, 1 Finance offers purely advisory guidance with no products to sell and no commissions to earn. Get it on the App Store.

Commission earners, freelancers, and bonus-heavy professionals face a problem salaried planning ignores: income that surges some months and vanishes others. Budgeting for the last good month invites trouble. The fix is to pay yourself a steady figure. Route everything into one account, draw a fixed monthly amount you can sustain even in lean stretches, and let the surplus from strong months cover the weak ones. Financial planning for a lumpy income is really cash-flow smoothing. Build your financial planning around your average, never your best month. As a SEBI-registered investment advisor, 1 Finance offers purely advisory guidance with no products to sell and no commissions to earn. Get it on Google Play.

People rush to invest before they have a cushion, then sell those investments at the worst moment when a job loss or medical bill hits. Sound financial planning builds the buffer first. Three to six months of essential expenses, held in a savings account or liquid fund you can reach in a day, not locked away chasing returns. Its job is availability, not growth. With that base in place, everything you invest afterwards can stay invested through a rough patch. Real financial planning protects the plan before it grows. As a SEBI-registered investment advisor, 1 Finance offers purely advisory guidance with no products to sell and no commissions to earn. Get it on the App Store.

Book an overseas tour package or send money abroad under the Liberalized Remittance Scheme, and the bank or portal collects tax at source on the spot. It feels like a charge, but it is not a final tax. That collected amount sits as a credit in your name, adjustable against your advance tax or refundable when you file. Many travellers forget to claim it and simply lose the money. Under income tax in India , reconcile every TCS entry in your AIS before filing so nothing paid on your behalf goes unclaimed. As a SEBI-registered investment advisor, 1 Finance offers purely advisory guidance with no products to sell and no commissions to earn. Get it on Google Play.

A backdated promotion, a delayed increment, or arrears from a pay revision can all land in a single year and push you into a higher slab, taxing old income at today's rate. Section 89(1) exists precisely for this. You spread the arrears back to the years they belonged to, recompute, and claim the difference as relief, but only after filing Form 10E on the portal first. Skip that form, and the relief is denied. Anyone receiving back pay should check this before filing their income tax in India return. As a SEBI-registered investment advisor, 1 Finance offers purely advisory guidance with no products to sell and no commissions to earn. Get it on the App Store.

Filing your Income Tax Return (ITR) on time helps you stay compliant with tax regulations and keeps your financial records updated. Start by collecting documents such as PAN, Aadhaar, Form 16, bank statements, and investment proofs. Choose the correct ITR form based on your income and enter all details carefully. Review the information, submit your return online, and complete the e-verification process to finish your filing. Learning how to file ITR can help you avoid common mistakes, reduce the chances of penalties, and make the tax filing process simple and hassle-free.