How to reduce tax in the new tax regime

Shreya, a 42-year-old IT professional, earns Rs 1.4 lakh monthly and has chosen the new tax regime. Recently, during one of our off-the-cuff interactions, she trotted out the widespread perception that the new tax regime offers no tax deductions. But that's just half-baked information. In fact, she still has options to lower her tax outgo. So, if you, like Shreya, are salivating at the mention of lower taxes, this is what you can do too.

This article was originally published on November 27, 2023.