INCOME TAX15 Sept 2026
‘Give your future its share’: 8 tricks to handle your incomes, savings and investments | Pay Yourself First | Mint
A financial adviser suggests flipping the usual order: pay yourself first. Instead of clearing every bill and saving what's left, set aside a fixed share of income the moment it arrives. Anyone earning a salary or business income can use this. Start with just 5% — on ₹1 lakh income, that's ₹5,000 saved first, and spend from the rest.
Key Statutory Highlights
- Aadil Kadri's Pay Yourself First approach sets aside a fixed percentage of income as soon as it arrives, rather than saving whatever is left after bills.
- He suggests starting with 5% of income, which for someone earning ₹1 lakh means keeping ₹5,000 aside first and managing expenses within ₹95,000.
- Saving early removes one spending decision from the monthly cycle and reduces how much you depend on staying disciplined all month.
Actionable Advice for Taxpayers / Founders:Decide on a small, workable share of your income — 5% is a suggested starting point — and move it to savings as soon as the money comes in, before you begin spending. Review the amount later if it does not suit your monthly expenses.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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