Tax planning is more than just reducing what you owe—it's about making the most of your income. In 2025, with evolving tax rules and more clarity on deductions under both the old and new regimes, salaried individuals have a real opportunity to save better and invest smarter.
Whether you’re filing for the first time or optimising your returns, strategic tax planning can help you align your finances with your long-term goals.
Let’s simplify how you can plan better this year.
How to Plan Taxes Efficiently
Here’s a simple approach to structure your tax-saving efforts:
- Understand your salary componentsBreak down your salary slip—Basic Pay, HRA, allowances, and bonuses. Knowing what's taxable helps you plan better and avoid surprises during filing.
- Choose between old and new tax regimesIf you claim several deductions (like ELSS, PF, home loan interest), the old regime might be more beneficial. If not, the new regime’s lower slab rates could offer more take-home pay.
- Maximise Section 80CUnder Section 80C, you can claim up to Rs. 1.5 lakh in deductions. Popular options include PPF, EPF, ELSS mutual funds, and 5-year tax-saving Fixed Deposits.
- Claim HRA exemption smartlyIf you're living in rented accommodation, submitting rent receipts allows you to claim HRA exemption and reduce your taxable income.
- Use other deductions to your advantage
- Section 80D: Health insurance premiums
- Section 80E: Education loan interest
- Section 24(b): Home loan interest
These can significantly lower your overall taxable amount if used strategically.
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