Sounds Like A Plan

As expected, the Interim Budget made no changes to the tax rates or slabs, but even if there was any announcement in this regard, it would have made no difference to how you plan your taxes for the current financial year, FY2023-24. Many of you, dear readers, would have already done this exercise. But for those who are still confused about how to choose between the two tax regimes, especially after the introduction of standard deduction in both the new and old last year, and the new one becoming the default regime, we have a guide. For those who have decided to stay with the old regime, we have a plan too. We have listed the most efficient tax-saving investments among the many available under the Section 80C stable, but remember that there is no “best tax-saving investment” per se. The one that suits your individual needs and circumstances would be the best for you. For...