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Paying advance tax on or before December 15 can lead to significant savings by avoiding penalties and interest charges that accrue for late payments. Taxpayers can benefit from calculating their estimated tax liability and making timely payments, especially as the December 15 deadline approaches, thus ensuring compliance with tax regulations and potentially improving cash flow management. By adhering to advance tax schedules, individuals can also take advantage of any available deductions and optimize their overall tax liability for the financial year.
Business & Economy

Paying advance tax on or before December 15 can lead to significant savings by avoiding penalties and interest charges that accrue for late payments. Taxpayers can benefit from calculating their estimated tax liability and making timely payments, especially as the December 15 deadline approaches, thus ensuring compliance with tax regulations and potentially improving cash flow management. By adhering to advance tax schedules, individuals can also take advantage of any available deductions and optimize their overall tax liability for the financial year.

Income tax paid in installments as opposed to all at once is known as advance tax. Taxpayers who owe more than ₹10,000 …

Morning News December 14, 2024
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To rival Zepto Cafe, Zomato's Blinkit introduces Bistro, a stand-alone 10-minute meal delivery service.
Business & Economy

To rival Zepto Cafe, Zomato's Blinkit introduces Bistro, a stand-alone 10-minute meal delivery service.

Blinkit's decision to release a new app only for food comes at a time when all rapid delivery services are increa…

Morning News December 13, 2024
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As food costs decline, retail inflation drops to 5.48 percent in November.
Business & Economy

As food costs decline, retail inflation drops to 5.48 percent in November.

A day after Canada reduced rates by a massive 50 basis points, central banks in the euro area and Switzerland also lowe…

Morning News December 13, 2024
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Here's why metal stocks SAIL, NMDC, and NALCO have dropped by much to 5%.
Business & Economy

Here's why metal stocks SAIL, NMDC, and NALCO have dropped by much to 5%.

The Nifty Metal index had only lost twice in the previous two weeks before Friday's dip ended a six-day gaining str…

Morning News December 13, 2024
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The rupee forward premiums curve is inverted as a result of India Cenbank's FX swaps.
Business & Economy

The rupee forward premiums curve is inverted as a result of India Cenbank's FX swaps.

India-Rupee/Forward Premiums: The rupee forward premiums curve is inverted as a result of India Cenbank's FX swaps.…

Morning News December 12, 2024
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