Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Invest if you have risk appetite and 7-year horizon
Business Standard
|February 06, 2025
About three-fourth of taxpayers filed their income-tax returns for 2023-24 under the new regime.
Finance minister Nirmala Sitharaman's decision in Budget 2025 to increase the tax-free income threshold to ₹12 lakh (₹12.75 lakh for salaried taxpayers) under the new regime is expected to drive more individuals away from the old regime. While this may reduce the demand for tax-saving instruments like Equity Linked Savings Schemes (ELSS), these funds remain an attractive option for the minority sticking with the old regime.
Consult a tax professional to determine which regime is beneficial for you after this year's Budget changes. If the old regime still works, calculate the tax-saving contributions you already make. "Assess your Employees' Provident Fund (EPF) contributions, insurance premiums, and other deductions. Invest in ELSS only if you fall short of the ₹1.5 lakh limit under Section 80C," says Rajani Tandale, senior vice-president of mutual funds, 1 Finance.
This story is from the February 06, 2025 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Free HPV vaccination may sharply cut India’s cervical cancer burden
India’s decision to roll out a nationwide free HPV vaccination programme for 14-year-old girls could significantly alter the country’s cervical cancer trajectory, public-health experts said, as the disease continues to impose a disproportionate burden on Indian women.
2 mins
February 26, 2026
Business Standard
NBFCs’ bank licence set to figure at DFS meet today
The Department of Financial Services (DFS) will hold a meeting of shadow banks on Thursday in which their future as potential banks would be taken up.
2 mins
February 26, 2026
Business Standard
Respond based on risk capacity, portfolio weight, and horizon
Bitcoin has fallen from its peak of $1,26,251.3 on October 6, 2025, to $65,405.5, a decline of 48.2 per cent.
2 mins
February 26, 2026
Business Standard
Trump hails ‘golden age’ in State of the Union speech
ADDRESS LASTED AN HOUR AND 47 MINS, BEATING HIS OWN RECORD IT CAME AHEAD OF MIDTERM ELECTION AMID FALLING RATINGS
4 mins
February 26, 2026
Business Standard
DBG, Lupin’s generic risk-taker
India is often called the pharmacy of the world for good reason.
4 mins
February 26, 2026
Business Standard
In India, AI will rise from bottom of the pyramid: Shekhar Kapur
In India, artificial intelligence (AI) will not emerge from the top.
4 mins
February 26, 2026
Business Standard
India is the hottest market in Asia: Hilton APAC prez
Hospitality major looking to address branded hotel gap in the country
2 mins
February 26, 2026
Business Standard
Expect $350 billion investments in RE sector by 2030: Pralhad Joshi
India’s renewable energy (RE) sector is likely to attract $350 billion investments over five years, with major expansion plans in domestic module manufacturing capacity and additional 41 gigawatt (Gw) of energy storage capacity to support the larger 500 Gw clean energy target by 2030, New and Renewable Energy Minister Pralhad Joshi said on Wednesday in a fireside chat with Sudheer Pal Singh at the Business Standard Manthan event.
4 mins
February 26, 2026
Business Standard
India needs to prioritise building own foundational AI models: Experts
India will need to prioritise building its own foundational artificial intelligence (AI) models and strengthen data sovereignty safeguards to reduce dependence on foreign technologies, experts said on Wednesday.
3 mins
February 26, 2026
Business Standard
NCERT drops 'judicial corruption' chapter after CJI rebuke
Chief Justice of India (CJI) Surya Kant on Wednesday strongly objected to a chapter on judicial corruption in the National Council of Educational Research and Training's (NCERT’s)
2 mins
February 26, 2026
Listen
Translate
Change font size