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How To SAVE INCOME TAX LEGALLY in India (FY 2025) – SMART TIPS for SALARIED, STUDENTS & NRIs

INTRODUCTION:  Let’s be honest—nobody likes paying more tax than they have to. But the good news? The Indian government offers several legal ways to save tax—and they’re easier to use than you might think. Whether you're a student just starting out, a salaried employee , or an investor living abroad, this guide will walk you through practical and updated tax-saving strategies for Financial Year 2025 . Let’s dive in! 1. UNDERSTAND THE TWO TAX REGIMES FIRST Before we jump into deductions and exemptions, it's important to know about the two tax regimes in India: • Old Tax Regime : Allows you to claim various deductions and exemptions (like under Section 80C, 80D, HRA, etc.) • New Tax Regime : Offers lower slab rates but no deductions or exemptions. For many, the old regime still offers better benefits if you’re smart with your investments and expenses. Tip : Use an online income tax calculator to compare both regimes based on your income and investments. 2. MAX O...