🧾 Tax Planning
Income tax slabs, old vs new regime, 80C/80D deductions, ELSS, NPS — minimize tax legally and file correctly.
The workflow
flowchart LR
A[Compute<br/>taxable income] --> B{Old vs<br/>New regime?}
B -->|Old| C[Maximize<br/>80C, 80D, HRA]
B -->|New| D[Skip exemptions<br/>lower slab]
C --> E[ELSS, PPF, NPS,<br/>insurance, home loan]
D --> F[Optimize standard<br/>deduction & rebates]
E --> G[File ITR by<br/>July 31]
F --> G
G --> H[Verify within<br/>30 days]
Decide regime first; everything else follows from that one call.
Key takeaways
Videos (38)
Big Blow for Flat/Land/House Owners: Do You Really Pay This Much Tax When Selling Property? | Real Estate Tax 2024
The headline 20% to 12.5% LTCG cut on property is a stealth tax hike for most long-held assets because indexation has been removed - run the numbers before selling.
Old Tax Regime vs New Tax Regime: Which Should You Choose | Free Income Tax Calculator
For most middle-income earners with under Rs.1 lakh of deductions, the new tax regime is cheaper - run your own numbers in the calculator before April filing.
How to File Income Tax Returns Online in 20 Minutes | File ITR 2024
Average salaried filers can complete ITR-1 in 20 minutes online if they pick the right form, regime, and use auto-fetched Form 16 data.
Ultimate Guide on Income Tax for Employees | Ft CA Suresh Potharazu | Money Purse Podcasts
File honest returns, use updated-return option to fix errors, and avoid fake HRA/deduction claims — the digital reassessment system catches them.
Income Tax Dept Tracks Your Bank Transactions — How Safe Are You?
Keep UPI/credit card transactions proportional to declared income to avoid AI-driven IT notices in 2025.
Tax on Trading, F&O, Mutual Funds: LTCG, STCG Explained (Telugu)
Treat F&O as non-speculative business income to claim expenses and 8-year loss carry-forward, but file ITR before due date to preserve that benefit.
How to easily file Income Tax Returns online
File ITR online by reconciling AIS-flagged high-value transactions and claiming Chapter VI-A deductions correctly.
Zero Income Tax for Middle Class | Old vs New Tax Regime: Which is Better? | Budget
New tax regime is now default for most middle-class earners under Rs 12 lakh, but compare with old regime if you have major deductions before switching.
Budget 2024 Zero Tax Strategy: New vs Old Tax Regime Explained
Government is steering middle class to the new regime — most people with limited 80C investments save more under it, especially below Rs 7.75 lakh.
Ep-215: Best Tax-Saving Technique | #askmoneypurse
Max out 80C with ELSS/PPF then use NPS 80CCD(1B) for an extra ₹50k deduction; quality stocks like Heritage Foods are watch-worthy after fundamental checks.
Best Income Tax Saving Advice: 200% Penalty for Wrong UPI/ITR Claims
Don't fall for refund-maximizing tricks on social media — file accurately, use the 4-year updated return window to fix mistakes before scrutiny.
Ask Ep-75 Impact Of Interest Rate Hike On Inflation?
Use Section 44ADA presumptive scheme if eligible and pick textile names with operational efficiency rather than blindly following sector themes.
#954 Big Tax Changes — Good News For Middle Class | Daily Money Show
Markets stayed resilient against FII outflows per Raamdeo Agrawal, and big tax relief for middle class is on the horizon.
Ask EP-96 Are Demerger Shares Taxable?
Leased company car beats car loan for tax savings; for chemical bets, evaluate management quality before expecting PI Industries-like growth.
Ep 232 Does Filing IT Returns Cost You Ration Card and Pension Benefits
Filing ITR doesn’t automatically strip benefits unless your real income exceeds state limits; small-cap air-cargo Aforce has rare-licence moat with strong FY26 guidance.
Ask EP-80 Do I Need To Pay Tax On A Gift Voucher From The Company?
Gift vouchers above ₹5K are taxable perks, EV battery tech is too early-stage, but paper packaging is a structural plastic-ban beneficiary.
Budget 2024-25 KEY Highlights | Budget Complete Details | DMS 742
Interim Budget delivered few surprises and Fed pushing back March rate-cut hopes - markets gave up early gains.
# 398 Daily Money Show | Money Purse Stock Market News
If a stock is delisted but still held, you cannot declare the loss in ITR until you actually sell or write off the holding.
Ep-117 #AskMoneyPurse Q&A
Don't try to game capital gains tax via family member PANs; properly cancel duplicate PAN cards and avoid leveraged stocks.
# 419 Daily Money Show | Money Purse Stock Market News
Reinvesting capital gains in the same financial year does not waive LTCG/STCG tax — the gain is still taxable.
Ep-992 | Daily Money Show | Stock Market News Today
Zero tax up to Rs 12L will boost urban consumption; seed makers like Kaveri Seeds gain from new agriculture mission.
#856 Daily Money Show: Stock Market News
ITR filing deadline stays July 31 — don't rely on social-media rumors of August extension.
Ask EP-79 | Best Place to File ITR
Use the official IT portal for filing; favor large banks/NBFCs over rate-chasing small banks for safety.
#862 Daily Money Show | Money Purse Stock Market News
File ITR before July 31 deadline using accurate disclosures - Income Tax Department is actively chasing bogus refund claims.
#834 Daily Money Show: Stock Market News
Middle-class income tax relief is expected to be announced by the government in July.
#864 Daily Money Show | Money Purse Stock Market News
AMFI and Gadkari push back on capital-gains/GST hikes while SEBI raises F&O contract size to protect retail traders.
#446 Daily Money Show | Stock Market News
Gift of equities to immediate family is tax-exempt for the giver but recipients pay capital gains tax on subsequent sale.
Ask Ep-76: Is Grandfathering Considered On Equity Investment?
Grandfathering is considered when computing LTCG on equities; investor focus should be on quality compounders and avoiding debt-heavy concentration risks.
How to File Updated Tax Returns — Save Yourself from the Income Tax Department
Use ITR-U (Section 139(8A)) to proactively correct missed disclosures and avoid IT-department penalties.
Ask EP - 113 Advantages Of Short Term Capital Gains
For long-term child education goals, prefer direct mutual funds over ULIPs to avoid heavy multi-layer charges.
I Shifted to the Old Tax Regime Because of This Rule
New tax act is mostly a simplification (renumbered sections, single Tax Year term) - keep your term and health insurance regardless of regime.
Pay 0 Tax on Your Salary | Start of Year Strategy
Restructuring salary at year-start across HRA, LTA, medical, meal pass and term/health insurance can dramatically cut tax leakage for salaried workers.
How to Save Income Tax || Best Tax Saving Mutual funds 2019 || My Interview in SumanTV | Money Purse
Plan tax in April not March; ELSS funds with 13-15% historical returns beat traditional 80C options — use SIP mode aligned with financial goals.
WMS - Income Tax Rules Changed | New Interest Rates on PPF, Sukanya Samriddhi, NSC
Tax regime overhaul, DDT abolished and small savings rates cut 100-120bps across PPF/NSC/Sukanya; tax-saving deadline extended.
Is buying a car this way good?
For salaried employees who upgrade cars every 3-5 years, the company car lease scheme beats a car loan on tax savings.
Get 50% Tax Exemption | Section 44 ADA | Tax Savings for IT employees
IT professionals working as consultants under Section 44ADA can claim 50% of receipts as deemed expenses, hugely reducing taxable income.
#WMS Salaried Class Bears Income Tax Burden | What Mutual Funds Bought | IRCTC Q3
India's salaried class pays far more tax than self-employed professionals — CBDT data shows a 55% drop in taxpayers post-87A rebate.
Common Man's Guide to Budget 2019 Highlights
Budget 2019 used a rebate trick to effectively zero-tax income up to Rs 5 lakhs and raised standard deduction to Rs 50,000.