Bodycare has announced the closure of another 30 shops after the high street beauty chain collapsed into administration earlier this month.

The British retailer said the latest set of closures would be on Tuesday and Thursday this week.

A shortage of stock and the cost of running high street shops has meant it is no longer viable to keep all the remaining 115 stores open, administrators said.

About 235 staff working across the stores will be made redundant, the company said.

The latest closures will leave the chain with 85 remaining shops.

Bodycare appointed administrators from Interpath on September 5, saying it had come under pressure from rising costs and a shortfall in funding, which also impacted supplier relationships and led to stock shortages.

At the time, it announced it was shutting 32 stores, resulting in around 450 redundancies.

Nick Holloway, managing director at Interpath and joint administrator, said on Monday: “We’d like to express our sincere thanks to the hundreds of dedicated Bodycare staff who have shown such professionalism since our appointment.

“We will continue to trade the remaining 85 stores while we remain in discussions with interested parties with the aim of preserving as much of the business as possible.”

Interpath is currently pursuing a potential rescue sale of the business and assets.

The company said it had received interest from a number of parties in relation to the stores.

Bodycare was founded in 1970 in Lancashire and sells beauty products, as well as fragrances and other bathroom items.

ITR Filing Deadline 2025 Extension Live Updates: Today is the ITR filing last date for the assessment year 2025-26. Tax professionals and bodies are urging the income tax department to extend the deadline. However, the income tax department has clarified that the current September 15 deadline remains intact and warned taxpayers against a fake message that is spreading widely on social media and messaging app about the deadline extension.

So far, a total of 6.7 crore ITRs have been filed, as of 12:00 pm today, according to the income tax portal. Out of this, 6.03 crore ITRs have been verified by the taxpayers, and over 4 crore returns have been processed by the income tax department.

Last year, by July 31, 2024, 7.6 crore ITRs had been submitted.

Who Must File ITR Today?

The September 15 deadline is for non-audit taxpayers, including most salaried individuals, pensioners, NRIs, and those whose accounts do not require audit. For audit ITRs, the deadline remains October 31.

Usually, the ITR filing deadline every year is July 31. However, this year, the last date for filing non-audit returns was pushed to September 15 from the usual July 31 deadline, owing to delays in the release of updated ITR forms. The extension came after several tweaks were required following the interim Budget’s changes to the capital gains tax framework.

What Happens If You Miss Today’s Deadline?

Taxpayers filing after September 15 face a penalty of Rs 5,000 under Section 234F, though the fine is capped at Rs 1,000 for those with income below Rs 5 lakh. Late filers also lose the ability to carry forward certain losses, risk refund delays and may attract closer scrutiny from the tax department.

With the clock ticking, the department is urging taxpayers to file early to avoid last-minute issues. Whether the deadline is extended once again remains to be seen.

Last Updated:September 15, 2025, 17:38 IST

Rising salaries should match rising SIPs, boosting fund growth and speeding financial goals. But stopping or withdrawing SIPs can shrink the fund and slow progress

Investing more than 20% of the monthly salary and redirecting annual bonuses to investments will expedite fund growth. (Representative/Shutterstock)

Individuals earning a monthly salary of Rs 50,000 can potentially build a substantial fund of Rs 2 crore through disciplined financial planning and investment. This seemingly challenging task can be achieved by adhering to a structured budget and consistent investment strategy.

The key is to manage spending wisely and allocate a fixed portion of the salary towards investments each month. To accomplish this, it is crucial to follow the 50-30-10-10 rule, which recommends dividing the salary into four parts for essential expenses, hobbies, savings, and investments.

For example, with a salary of Rs 50,000, Rs 25,000 (50%) should be allocated to essential expenses such as rent, utilities, children’s education, groceries, transport, and EMIs. These expenses are vital and must be prioritised.

Next, Rs 15,000 (30%) should be spent on hobbies and lifestyle activities, including outings, movie nights, online shopping, and dining out. This expenditure helps maintain a balanced and enjoyable life.

The third segment, Rs 5,000 (10%), should be dedicated to investments. This involves placing money in avenues like mutual fund SIPs, the stock market, gold, or PPF, where it can grow over time.

The final 10%, Rs 5,000, should be reserved for an emergency fund and insurance, offering a safety net during medical emergencies or unexpected expenses.

How Will The Rs 2 Crore Fund Be Raised?

To build a fund of Rs 2 crore from a salary of Rs 50,000, disciplined investment is essential. If Rs 5,000 is invested monthly in a mutual fund with an average annual return (CAGR) of 12%, it can grow to Rs 2 crore in approximately 31 years.

However, this timeline can be shortened. By starting with Rs 5,000 monthly and increasing the investment by 10% annually (Step-up SIP), the fund can reach Rs 2 crore in roughly 25 years with the same average CAGR of 12%.

Why Step-up SIP Matters Most

It is important to note that increasing investments annually as salaries rise accelerates fund growth, enabling quicker achievement of financial goals. Continuous investment is crucial; withdrawing funds or halting SIPs can diminish the fund’s size. Additionally, term and health insurance should be considered to safeguard investments against major financial setbacks.

For those aiming to achieve Rs 2 crore more swiftly, cutting back on expenses and increasing the investment amount is necessary. Investing more than 20% of the monthly salary and redirecting annual bonuses to investments rather than spending them will expedite fund growth. The earlier and more consistently investments are made, the faster the desired financial target can be reached.

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