Tax-free interest upto Rs 7000: Post Office Savings Accounts still offer relief under new tax regime; Here's how to claim it

Tax-free interest from post office: Many individuals will opt for the new tax regime for FY 2025-26. This is due to the new income tax slabs introduced from April 1, 2025. The new tax regime does not offer many exemptions and interest. However, the new tax regime does not offer many exemptions and deductions. Still, taxpayers can claim an exemption on a post office savings account. Here's how.

from Tax-Wealth-Economic Times https://ift.tt/cWsNl12