In this episode, I invited CA Nitesh Buddhadev for a candid conversation on Tax Planning and how to use the Taxation regime of our country to pay the least amount of income tax. We discussed about tax benefits, new and old tax regimes, HUF and busted some common tax myths. Watch the video till the end as we explore the nitty gritty of the tax system and how you can use it to your own benefit for saving the maximum tax.______________________________________________________________Timestamps0:00 - Snap Clips2:00 - Introduction4:32 - Tax Collection Problem in India and Tax Planning 7:52 - Tax Evasion vs Tax Planning 10:07 - Deductions and Exemptions 12:42 - New vs Old Tax Regime 27:02 - Claiming LTA 30:52 - Tax Benefits in Loan 38:17 - Tax Regime for Married Couples 39:32 - House Rent Allowance Benefits 48:02 - Tax Planning on Education Loan 52:42 - Smart Tax Planning 1:05:05 - Tax Hacks for Freelancers and Creators 1:14:52 - Tax Saving Strategy through Wedding Gifts 1:25:27 - Definition of a Relative in Taxation 1:29:12 - Buying a Car at 50% Discount 1:41:57 - HUF in Tax Planning 1:58:18 - Saving Tax on Significant Life Events 2:01:47 - TCS, TDS and Tax Adjustment on Travel 2:07:32 - Saving Tax on Higher Incomes 2:12:27 - Setting off Taxes on Short Term and Long Term Losses 2:25:32 - Tax Difference in PMS and Mutual Funds 2:32:22 - Myths about Income Tax 2:47:12 - Outro and The End