Income Tax & Capital Gains Guide

1. Old vs. New Tax Regime

The Old Tax Regime allows deductions under 80C, 80D, HRA, and home loan interest. The New Tax Regime features lower slab rates but removes most major exemptions.

2. Capital Gains Tax on Investments

• Short Term Capital Gains (STCG): Applied to equity shares sold within 12 months.
• Long Term Capital Gains (LTCG): Applied to equity investments held over 12 months.

3. Deductions Breakdown (Section 80C)

Invest up to ₹1,50,000 annually across ELSS mutual funds, PPF, and EPF to reduce tax liabilities under the Old Regime.