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Tax season is here, and this episode is your complete playbook for legally paying less tax in India. Sharan sits down with CA Nitesh Buddhadev, Chartered Accountant and Founder of Nimit Consultancy, a Mumbai-based wealth management and tax planning firm. With over 10 years of experience in tax planning and more than 200 crores under management, Nitesh is a regular guest speaker on CNBC, Zee Business and Money9, and a columnist for Mint, Moneycontrol and Financial Express.
In this conversation, Nitesh breaks down exactly how much income you can earn tax-free under the new Income Tax Act 2025, whether you are salaried, earning rental income, freelancing, or living off capital gains. You will learn how salaried employees can pay zero tax up to 15.75 lakh using EPF, NPS and the new meal coupon allowance, why rental income up to 17 lakh can be completely tax-free, and how freelancers can use presumptive taxation to pay zero tax up to 24 lakh.
The episode also covers everything that has changed for ITR filing in 2026, including new deadlines for ITR 1 to 4, the four new metro cities that improve your HRA claim, and the revised children education and hostel allowances. Nitesh then goes deep into tax-efficient investing: why arbitrage funds beat FDs for short-term goals, how surcharge quietly pushes high earners into 39 to 43 percent tax brackets, the real tax difference between mutual funds and PMS, and how tax harvesting and loss harvesting can save you over 60,000 rupees every single year.
Finally, the two topics every modern professional needs to understand: how ESOPs are actually taxed at exercise and at sale (and how Section 54F can bring that tax to zero), and how an HUF really works, including the myths and clubbing provisions that catch most people off guard. If you want to keep more of your hard-earned money in your bank account this year, this is the episode to study.
CA Nitesh Buddhadev
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Timestamps:
00:00 – Introduction
02:09 – Zero Tax on Salary Up to Rs 15.75 Lakh
06:31 – Zero Tax on Rental Income Up to Rs 17 Lakh
08:40 – Buying Property on Loan and Renting It Out
12:02 – How Freelancers Pay Zero Tax Up to Rs 24 Lakh
15:14 – Zero Tax on Capital Gains Income
17:06 – ITR Filing Deadlines and Which ITR to File
20:15 – Key Changes in Income Tax Act 2025
20:35 – New Metro Cities and Higher HRA Benefits
21:11 – Children Education and Hostel Allowance
22:59 – Old vs New Regime: Rs 30 Lakh CTC Example
26:09 – Saving Taxes on Short-Term Goals with Arbitrage Funds
28:44 – Tax-Efficient Investing for 3 to 5 Year Goals
31:38 – How Surcharge Pushes Your Tax to 39 Percent
33:16 – PMS vs Mutual Funds: The Tax Difference
37:56 – Tax Gain Harvesting Explained
43:53 – Loss Harvesting and Cross Asset Adjustment
48:07 – How ESOPs Are Taxed
53:26 – Saving Capital Gains Tax by Buying a House
54:51 – How to Use HUF to Save Taxes
58:48 – Conclusion
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Sharan Hegde is a personal finance creator & founder of the 1% Club, simplifying money, markets, and mindset for India’s next generation of wealth builders.
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#financewithsharan #taxplanning #personalfinance #incometax #investing
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Bhai tum log to sab paise bnalo ek ghntey k podcast per as n audience mere kaam ki baat 15 min m kro na
stcg not mentioned
Everyone, all sites indicate 50% as basic of ctc as per new rules…however, I do not know a single person where basic has changed to 50 % , infact it has remained same.. and one can surely check top biggest IT companies ….not sure what loophole they used but basic has not changed
In the New regime you cannot deduct the Employer EPF contribution.
Wrong information.
Nice podcast but did not touch upon use of TRUST ac for tax benefits by many big people!
This is great! And I shared.
Kya chomupana hai …har income ko alag alag karke dikha rha hai.. ek bande par differner soutce of income hogi.. calculation different hogi
One question if I am doing FnO business can I give salary to somebody who is doing trading for me and if yes , how much I can give and can i deduct this from my FnO gains to reduce my taxable income
Informative
It is not necessary to have a child for an HUF to be an income tax asessee.
Employers epf contribution not part of gross salary,how can you claim tax for this , it's false
You do not need to add or report your employer's standard EPF contribution anywhere in your Income Tax Return (ITR) under the New Tax Regime, because it is already a tax-free exemption.Your employer handles this calculation beforehand. They exclude the tax-free portion (up to 12% of your basic salary) from the "Gross Salary" figure listed on your Form 16. Because it is already excluded, you do not need to claim it a second time on the e-filing portal
Very good information
Bro, Instead Of Doing All This, The Best Single Way To Save Taxes Is That Do All Transactions In Cash…Finish…No Bank Record, No Tax…Simple😂😂😂
Why don't you call someone from the student consultant for going abroad as lot of students want to go abroad for higher studies. This video was an eye opener
I have Star health insurance. Worst health insurance company Resently I have been to hospital, Please don't take Star health insurance. If already taken please migrate to other health insurance companies.
Need detailed of HUF AND 12lakh rebate is common for all type of income?
This is for tax loss Harvesting: What about the exit load on MF exit? which is 1-2% for MFs. This will reduce my profit as good as giving 13.5-14.5% on my profits. Also, Post LTCG it will be added to my income? or my tax will be calculated as per income tax slab even after LTCG? I heared that if you withdraw after 3 years, I believe from you only some years back LTCG only will be taxed and the earned profit post LTCG will not be taxed as per income tax slab. let me know if I am wrong anywhere.
I dont think the information shared is 100% correct. 1) PF deduction not allowed in new tax regime plus 12.75 lacs income is only for income for salary and not for Rental income or Business income.
Gemini summary:
💼 Salary & Allowances
• Zero tax up to ₹15.75L under the New Regime (April 2026)
• Employer EPF & 14% NPS contributions are fully deductible
• Huge win: Meal coupon limit boosted to ₹1.05L/year! 🍔
• BLR, PUN, AHM & HYD are now "Metro" cities for 50% HRA (Old Regime)
🏠 Rental, Freelance & Capital Gains
• Zero tax on rental income up to ₹17L (thanks to the 30% std deduction)
• Freelancers: ₹24L tax-free via 50% presumptive taxation 💻
• Zero tax on Equity LTCG up to ₹5.25L (if it's your only income)
📈 Smart Investing & Harvesting
• 1-Yr Goals: Arbitrage Funds > FDs (tax-free up to ₹1.25L profit)
• MFs beat PMS: PMS triggers 20% STCG on every trade, creating massive tax drag
• Tax Harvesting: Sell & rebuy MFs yearly to lock in your ₹1.25L tax-free profit
• Loss Harvesting: Book losses to offset gains on other assets (carry forward for 8 yrs)
🚀 Big Exits (ESOPs & HUF)
• ESOPs get taxed TWICE (as salary on exercise, then Capital Gains on sale)
• Cashing out big ESOPs/IPO? Buy a house (Sec 54F) to make the exit tax-free 🏡
• HUF: Great tax entity post-marriage, but don't just transfer your salary into it (clubbing rules apply)
Why do i see no exemption in hra under new tax regime ? But in video says 7.5 lakhs ?
But epf is not considered components under new regime right? Will it be considered for current year I mean after April 2026?
Make a detailed video on HUF
Boosting Swiggy zomato sales..good one
should i sell my entire equity to rebalance 1.25 lakhs every year ?
can you make a video detailed on HUF?
Booking 1.25.lakh every year will break the compounding. Not a good suggestion. In fact, so misguiding