Align tax-saving investments with financial goals and asset allocation

Making a start now will give you time to choose instruments prudently and avoid mis-selling

With about four months left in the financial year, it’s time for investors in the old tax regime to prioritise tax-saving investments. A survey done in July by Finnovate, a financial fitness platform, had found that 27 per cent of respondents had not done tax planning. Delaying it until the last moment can result in rushed decisions and missed opportunities. 

 

Starting early—by October or five months before the March 31 deadline—ensures a smoother and more strategic approach. “If you have not begun tax-saving investments, you are already late. But it is still better to act now rather than delay it