Tax Tips 2025: You Can Claim Benefits On Sukanya Samriddhi, Scss Under New Tax Regime 2025-26; Details Here 

Tax Regimes successful 2025-26: The New Tax Regime is known to connection reduced slabs and less deductions, pinch conscionable enhanced modular conclusion and prime exemptions. The fiscal twelvemonth 2025-26, which kicked disconnected connected April 1, 2025, introduced caller income taxation slabs successful nan New Tax Regime. 

Individuals earning up to Rs 12 lakh will use from a taxation rebate of Rs 60,000 nether Section 87A (and Rs 12.75 lakh for salaried individuals). These updated taxation slabs successful nan New Tax Regime diminish nan attractiveness of nan Old Tax Regime, which featured slabs of 5%, 20%, and 30%. This is particularly existent erstwhile considering nan deductions disposable for investments successful tax-saving schemes from nan gross taxable income.

However, location are immoderate deductions connected your investments successful station agency nether New Tax Regime that you tin avail of from April 1, 2025.  Under nan caller taxation regime, location is simply a mini taxation exemption of Rs 3,500 per financial twelvemonth disposable connected nan liking earned from a station agency savings account. This exemption falls nether Section 10(15)(i) of nan Income-tax Act. 

In nan Old Tax Regime, taxation deductions connected liking income from savings accounts tin beryllium claimed nether Sections 80TTA and 80TTB, which are not applicable nether nan New Tax Regime. Nonetheless, definite exemptions are disposable nether Section 10(15).

"Under nan caller taxation regime, liking up to Rs 3,500 (single) aliases Rs 7,000 (joint) from Post Office savings is tax-exempt nether Section 10(15). Small benefit—but worthy claiming if you’re already investing successful schemes for illustration SCSS aliases Sukanya Samriddhi," efiletax, a dedicated societal media handle, wrote connected X. 

The exemption nether Section 10(15)(i) of nan Income-tax Act is disposable for some New Tax Regime and Old Tax Regime.

Section 80TTA offers a taxation use to individuals connected nan liking earned from their savings slope account. Enacted successful nan 2013 Finance Bill, it permits a conclusion of up to Rs 10,000 annually connected savings relationship interest. This measurement is designed to promote a wont of redeeming among nan populace. Certain eligibility requirements must beryllium met to declare nan Section 80TTA conclusion for nan appraisal twelvemonth 2023-24.

Tax benefits of Sukanya Samriddhi Scheme

Tax Benefits: Investors tin avail afloat taxation deductions connected nan main magnitude invested up to Rs 1.5 lakh per twelvemonth nether Section 80C of nan Income Tax Act. Interest earned and maturity amounts from nan strategy are besides exempt from taxes. This is disposable nether nan Old Tax Regime.

Long Tenure: Secure your daughter's early pinch a maturity play of 21 years aliases until her marriage, starting from her 18th birthday.

Educational Expenses Coverage: Investors tin retreat 50% of nan relationship equilibrium arsenic of nan erstwhile financial year's extremity to screen acquisition expenses for their woman child. Proof of admittance must beryllium provided aft nan woman kid turns 18 years aged aliases completes nan tenth standard.

Guaranteed Returns: The Sukanya Samriddhi Yojana is simply a government-backed scheme, providing a guarantee of returns upon maturity.

Tax benefits nether Senior Citizen Savings Scheme

According to Section 80C of nan Income Tax Act, 1961, individuals tin avail taxation deductions connected investments up to Rs.1.5 lakh. If nan cumulative liking connected each Senior Citizen Savings Scheme (SCSS) accounts exceeds Rs.50,000 per annum, Tax Deducted astatine Source (TDS) will beryllium applied. In nan lawsuit of accounts opened by individuals beneath 60 years of age, TDS will beryllium deducted if nan full liking surpasses Rs.10,000 annually. With an liking complaint of 8.2% per annum and an finance magnitude of Rs.30 lakh, each investor is expected to person a monthly income of Rs.20,500.

Tax benefits arsenic per taxation regimes

The caller taxation regime, introduced by Finance Minister Nirmala Sitharaman successful nan Union Budget 2025, offers simplified taxation slabs but less deductions, making it an charismatic action for those pinch constricted tax-saving investments. The modular conclusion has been accrued to Rs 75,000, a notable alteration from nan erstwhile Rs 50,000, effective from FY 2025-26. This accommodation contrasts pinch nan aged regime, wherever nan modular conclusion remains unchanged, highlighting nan caller regime's entreaty for those not heavy invested successful accepted tax-saving instruments.

Despite nan accrued modular deduction, nan aged taxation authorities continues to connection a wider scope of deductions and exemptions. This authorities remains beneficial for taxpayers pinch important investments successful devices that suffice for taxation savings nether nan Income Tax Act, 1961. 

On nan different hand, nan caller regime, pinch its little taxation slab rates, tin beryllium advantageous for individuals who person not engaged successful extended tax-saving investments, frankincense favouring those pinch simpler financial circumstances. The caller regime's building presents a straightforward attack to taxation filing, albeit pinch less opportunities for deductions.

Among nan benefits nether nan caller taxation authorities is nan exemption connected employer contributions to nan National Pension System (NPS) nether Section 80CCD(2). This exemption applies exclusively to salaried individuals, pinch authorities labor eligible for contributions up to 14% of their basal net and dearness allowance, and backstage assemblage labor up to 10%. Furthermore, contributions to nan Agniveer Corpus Fund nether nan Agneepath strategy are tax-deductible, pinch exemptions applicable to amounts received by beneficiaries aliases their nominees successful some taxation regimes. These provisions underscore nan caller regime's targeted taxation reliefs for circumstantial contributions.

The caller taxation authorities besides extends exemptions for family pensions nether Section 57(IIa), wherever a information of nan pension received by nan family of a deceased worker is tax-exempt. Additionally, caller exemptions person been introduced nether Section 10, including deductions for voluntary retirement, gratuity, and time off encashment, each pinch specified limits. For instance, time off encashment is tax-free up to Rs 25 lakh upon status aliases resignation. 

Further allowances see carrier and conveyance allowances, pinch abnormal labor eligible for a carrier allowance exemption of up to Rs 3,200 per month. Conveyance allowances related to agency activity are deductible based connected existent expenses.