Opted for new income tax regime? Don’t stop putting money in these investments - here’s why
While the new income tax regime eliminates many deductions, some tax-saving investments remain crucial. PPF's tax-free returns and term insurance's risk coverage are still valuable. Health insurance protects against medical inflation, and employer-linked NPS contributions offer tax benefits. However, ELSS should be replaced with diversified equity funds, and traditional insurance policies should be re-evaluated.
While the new income tax regime eliminates many deductions, some tax-saving investments remain crucial. PPF's tax-free returns and term insurance's risk coverage are still valuable. Health insurance protects against medical inflation, and employer-linked NPS contributions offer tax benefits. However, ELSS should be replaced with diversified equity funds, and traditional insurance policies should be re-evaluated. What's Your Reaction?
