If you are a salaried individual in India, your employer generally handles the tax on your salary through TDS, so you usually do not have to think about tax payments for your salary income. However, if you also earn interest from Fixed Deposits or savings bank accounts, that additional income may not have enough tax deducted on it. As a result, you might end up owing extra tax for the year. If the total extra tax you need to pay is more than ₹10,000, you are expected to pay it during the year itself, instead of waiting until tax filing time.

Sovereign Gold Bonds (SGBs) are government-backed securities that allow you to invest in gold without physically holding it. They offer a fixed interest rate, paid semi-annually, along with the potential for capital appreciation as gold prices change over time. In this post, we’ll show you how to track your SGB investments and calculate the XIRR, which accounts for both the interest earned and the change in the bond’s value, giving you a true picture of your investment returns.