Overview
Tax planning should start at the beginning of the financial year, not at the last minute in March. The right choice depends on your income, deductions, goals and risk profile. TaxBucket compares the old and new regimes for your exact situation, identifies the deductions you can actually use and plans capital gains and business income tax-efficiently. We provide tax guidance; for investment product selection, we recommend you also consult a SEBI-registered investment adviser.
Who needs it?
- Salaried employees
- Business owners and professionals
- Senior citizens and pensioners
- Investors with capital gains from shares, mutual funds or property
Key benefits
- Lower tax outgo through legal methods
- Right choice between the new and old regimes
- Avoid last-minute, unsuitable investments
- Better alignment of tax saving with financial goals
- Accurate proofs for employer and ITR
Documents required
Checklist: keep these ready
- Salary slips or income details
- Previous year's ITR and computation
- Existing investments, insurance and loan statements
- Rent receipts and HRA details
- Capital gains statements from brokers or mutual funds
Step-by-step process
- 1
Step 1
Review income sources and existing investments
- 2
Step 2
Compare the new and old tax regimes
- 3
Step 3
Identify eligible deductions and exemptions
- 4
Step 4
Plan capital gains and timing of transactions
- 5
Step 5
Prepare investment declaration and proofs
- 6
Step 6
Review before filing the ITR
Key facts: fees, timelines, due dates and penalties
- 1The new tax regime is the default; individuals with business income have limited options to switch
- 2Under the Income-tax Act, 2025, deduction section numbers changed (for example, the earlier 80C/80D provisions are renumbered), but the broad benefits continue
- 3Employer's contribution to NPS is allowed under both regimes within prescribed limits
- 4Tax planning is most effective when started at the beginning of the year
Why choose TaxBucket for Tax Saving Investment Advisory?
- 14+ years of experience in tax, GST, MCA and legal compliance
- ISO 9001:2015 certified company with a team of tax and compliance professionals
- Transparent pricing with no hidden charges
- End-to-end online process with a dedicated expert and regular status updates
- Office in South West Delhi; serving clients across India
Frequently asked questions
Can I save tax under the new tax regime?
Yes, mainly through the standard deduction for salaried employees, employer's NPS contribution and planning of capital gains, but most investment-based deductions are not allowed.
Is the old tax regime still available?
Yes, individuals can opt for it subject to conditions, but the new regime is the default.
What are common tax saving options under the old regime?
Popular options include PPF, ELSS mutual funds, life insurance, health insurance, NPS, home loan principal and interest, and tuition fees.
When should I start tax planning?
At the start of the financial year, so investments are spread out and match your goals.
Get expert help with Tax Saving Investment Advisory today
Call +91 7838-000-475 or send your enquiry and our expert will get back to you.