J U N 0 7 , 2024

[{"selector":"#anim-4de75a6a-02dc-44c5-a4fa-37ebf7bae37c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d6fcff3a-3cd6-4d72-88c6-7ed401596282","keyframes":{"transform":["translate3d(0px, 98.50227%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] GOOGLE YouthObserver.in

Compare Regimes: Check tax outgo under both old and new regimes before opting for the new one.

[{"selector":"#anim-36e2c951-21e8-4488-a35d-4a63ce838736","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da1047b2-ec14-4b19-8d22-c8c12b7d8a90","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0cc93f4-67af-4845-a6cf-ecfb022971dd","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe15f6c9-c85f-4f1b-9f07-e09f3812d293","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f71acfdb-a629-43a2-bb27-27b1b79749f5","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Limited Deductions: New regime offers minimal deductions - standard deduction (Rs. 50,000), employer NPS contributions, health insurance premiums (Section 80D), transport allowance for disabled (limited), gratuity & leave encashment (specific sections).

[{"selector":"#anim-9420abdf-fbcd-4a73-91d8-7a64bace54aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a134a16-5edc-43b9-8737-58dc9bdf8d3a","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e5a5b88-c14e-4c77-ab80-557e1ddc7bb7","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c48b8e97-f739-499b-8f9e-7f6b11e29cf8","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5e1edee-6e3b-4471-b1c8-3635a5645e91","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Maximize Employer NPS Contribution: Increase your NPS contribution through your employer to benefit from tax deductions.

[{"selector":"#anim-500683b3-af23-40ed-91f9-d85cb3991a9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc01f0dd-f5bf-4082-b40c-dbaf63e3cd50","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-740df368-df95-4cfb-99ae-9f776aeac9cf","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d09acdaf-c214-4d9d-aae5-1968ab367d17","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0d33d23-ee68-4e2d-8816-864225c8d9cc","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Claim Health Insurance Deductions: Utilize Section 80D deductions for health insurance premiums of yourself, spouse, and dependent parents.

[{"selector":"#anim-555d4c9b-6c22-4992-a4b7-4369e4639869","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6e0de31-774c-477b-8fda-6322b8923768","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3bbd54f-7a5c-4cfa-8c69-bd0114d57bf2","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7cc2963-4652-4dfd-8e62-e6b79f239f9e","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64777b34-385a-4963-97be-9ea701aa123f","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Invest for Long-Term Capital Gains: Explore investments like equity shares held for over a year to benefit from tax-free long-term capital gains (outside Section 80C).

[{"selector":"#anim-e6045123-f3d2-4cfb-814d-6996fec9f9de","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82051646-4fbe-4cee-a580-66040da7f3cb","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd79752c-8abe-4c1a-bc15-61c6114e63d8","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4da33683-588a-4e34-b2eb-f3d2ded6d367","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cae6d22f-0b01-4e3b-bb7a-b66dd7590c67","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Skip Traditional Deductions: The new regime forgoes benefits like deductions under Section 80C (PPF, ELSS etc.), home loan interest (Section 24), LTA, HRA etc.

[{"selector":"#anim-22005dd7-4cb9-406d-8fb8-b5ba9db2b537","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12240562-f1ff-43f1-852e-5e409b8abdb9","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0dca1663-a712-431d-a204-126d1f765cd8","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d7fd2739-5f54-4399-bdaf-f35594acee70","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b612d04-7ff2-4eba-97fe-8c6c5e6890b1","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Consider Tax-Saving Options Outside 80C: Explore alternative tax-saving investment options beyond Section 80C deductions.

[{"selector":"#anim-db19b1f6-28fb-4d18-b643-1f456649cb7e","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c17e178-fae0-4e35-a817-6dac68cbdb81","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7b7f0082-f9fb-4bb4-86cf-f73b921159c9","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb1d54ad-995f-43bb-8181-aacc08a0e439","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4b39d042-0f4b-4180-8b29-f812490b0947","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Remember the Rebate: Individuals with taxable income up to Rs. 7 lakh get tax rebate under Section 87A, resulting in zero tax liability under the new regime.

[{"selector":"#anim-75419e7e-b7b8-4cb6-a79c-be5f81670ff5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2bb1b0a1-458d-47dc-a1bf-f9ef5438483a","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f77e5f5-3e43-497a-83b4-26e9e6705cd4","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0926b292-61e8-4c71-9496-3a6f70833b8d","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bede1809-034c-4aa3-92a1-26a9fbbc4a1d","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

Consult a Tax Advisor: Seek personalized tax advice from a professional based on your income and investment portfolio.

[{"selector":"#anim-dfd574ec-5e31-4e0b-adf3-bac42f718309","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e3d346aa-04ed-4436-9a20-70c567903800","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1851c7f1-28ca-4baa-a8cf-c38894eea476","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-799b918d-3c9f-4735-ac22-37b5e735a2ce","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ab7c4d0-36e1-4d17-bf66-86364ed4ec53","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE

[{"selector":"#anim-83383991-db0e-4115-b7eb-f637a88998fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1844d60-5a42-48ea-815d-4d65ca411ed9","keyframes":{"transform":["translate3d(0px, 92.23267%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c5456dd-c72c-4d31-b83e-ac03f73b4f2d","keyframes":{"opacity":[0,1]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-780253fb-1a14-4046-bd8a-f9a4e770e5d0","keyframes":{"transform":["rotate(-270deg) translate3d(0px, 880.09141%, 0) rotate(270deg)","rotate(-270deg) translate3d(0px, 0px, 0) rotate(270deg)"]},"delay":200,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-65abe780-967c-4a54-84ca-292a3e2f021d","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5c5687a5-4cf9-423f-8242-81d119e081b4","keyframes":{"opacity":[0,1]},"delay":800,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] GOOGLE Learn more