15 schemes you might want to invest in to save income tax in FY24

Each of these had its own advantages and drawbacks in terms of returns, tenure, liquidity and point of taxability. Pick instruments based on your own finances, goals and investment temperament

The Budget that Finance Minister Nirmala Sitharaman presented on February 1  included significant modifications in the new income tax regime. Individuals need no longer pay tax on annual income of up to Rs 7 lakh. But what about those who have opted for the old regime? Which schemes can they explore in order to reduce their tax liability and earn decent returns on their investments in FY24?

The beginning of the financial year is a