Frequently Asked Questions ? Tax, Insurance & Investments

Tax FAQs

• What is the last date to file ITR for FY 2024-25?

  For most individuals and salaried employees, the ITR filing deadline is 31st July 2025 for FY 2024-25. For businesses requiring audit, the deadline is 31st October 2025.

• What documents are needed for income tax filing?

  You need your PAN card, Form 16 (for salaried), bank statements, investment proofs (LIC, PPF, ELSS), home loan interest certificate (if applicable), and Aadhaar-linked mobile number.

• What is GST registration and who needs it?

  GST registration is mandatory for businesses with turnover above ?20 lakhs (?10 lakhs for special category states) or for interstate supply of goods/services.

• Can I save tax through insurance and investments?

  Yes. Life insurance premiums qualify for deduction under Section 80C (up to ?1.5 lakhs), health insurance premiums under Section 80D (up to ?25,000 for self/family), and pension plans under Section 80CCC.

Insurance FAQs

• What is the difference between term insurance and life insurance?

  Term insurance is a type of life insurance that provides a death benefit for a specific period at the lowest premium. Traditional life insurance includes savings or investment components with higher premiums.

• Is health insurance premium eligible for tax deduction?

  Yes, health insurance premiums are deductible under Section 80D ? up to ?25,000 for self and family, and up to ?50,000 for senior citizen parents.

• How do I renew my motor insurance through Divyam360?

  Simply WhatsApp or call us at +91 9665565559 with your vehicle details and existing policy number. We'll compare rates and renew your policy within 24 hours.

Investment FAQs

• What is SIP and how does it work?

  SIP (Systematic Investment Plan) allows you to invest a fixed amount monthly in a mutual fund. It builds wealth through disciplined investing and rupee cost averaging over time.

• How is Divyam360 different from online insurance aggregators?

  We provide personalized, face-to-face advisory in Pune. Unlike online platforms, our advisors understand your complete financial picture ? taxes, insurance and investments ? and recommend solutions holistically.