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We spend the entire year working hard and earning money, but when it comes to Taxes most of us have NO IDEA on how they work and How do we save them! 🤔 In this video we tried to explain how Income Tax actually works in India, specially in the New Regime. We discussed the 2 Ways in the New Regime which can really help you save taxes! NPS: https://npstrust.org.in/about-nps Allowances: https://www.incometaxindia.gov.in/w/t... Now Since the New Regime offers a limited deductions we found out some DIY Hacks for you, which you can explore to gain some tax benefits! Income from Rental Income: https://cleartax.in/s/rental-income-t... LTCG: https://www.incometaxindia.gov.in/w/c... Gifts: https://www.incometaxindia.gov.in/dee... And the Golden Advise Can you Avoid Taxes: NO! The IT department is much smarter than you think! So File your taxes even if you don't have a Tax Liability and say NIL. This would make things easier for you on a lot of fronts! So please pay your taxes! and plan them better! ✨ Huge Thanks to QUICKO for helping us deep dive taxes for this video! ❤️