If you pay tax in India, then this video is very important for you. The last date for the third installment of Advance Tax is 15 December 2025, and missing it can put you in huge loss. It is mandatory for those whose annual tax liability is more than ₹ 10,000 to pay advance tax. In case of delay, 1% interest as well as penalty has to be paid every month. Instead of paying the tax for the entire year at once, it is deposited in different installments, so that the tax burden remains light and the government gets revenue on time. TDS of salaried people keeps getting deducted, so they only have to pay the remaining shortfall. But if your income is from interest, rent, capital gains, freelancing, business or profession, then advance tax is necessary.

Gold prices have increased by about 48.9% in the last one year, and today 10 grams of gold is being sold for around ₹ 1,14,040. Gold is not just jewellery, but also an important investment. But do you know how gold is taxed? Income tax is not levied while buying gold, but 3% GST has to be paid on the purchase price and 5% on making charge. Real understanding of tax is important while selling. According to the Finance Act 2024, if you keep gold for 24 months, Short-Term Capital Gains (STCG) tax will be levied as per your income slab. Holding more than 24 months will attract a flat tax of 12.5%, without indexation benefit. Gold ETFs and Mutual Funds will attract STCG tax on holding for 12 months and 12.5% ​​flat tax on holding more than 12 months. Sovereign Gold Bonds (SGBs) are different — with a tenure of 8 years offering 2.5% annual interest and tax free returns on maturity. But if you sell quickly, the tax rules will be different.