MUMBAI, Sept. 10 -- Nearly 73% of taxpayers have already opted for the New Tax Regime, according to the latest available data from a finance ministry press release in August 2024. For most salaried individuals, tax planning-until recently-meant making last minute investments to claim benefits under Section 80C. With the New Tax Regime now the choice of a majority of salaried tax payers, this kind of tax planning is no longer a priority.

Instead, with fewer tax payers looking at maximising tax savings under their income tax, it might be time to look at tax saving more comprehensively. Additionally, as more individuals invest in market-linked assets, tax efficiency in capital gains is becoming increasingly important.

Understanding availab...