New labour codes are reshaping tax planning strategies for salaried workers in India. The implementation of revised labour codes combined with evolving income-tax rules is fundamentally changing how individuals optimize taxes under the new regime. While the new tax regime limits traditional deductions, structured salary components like NPS contributions, employer-led benefits, car lease arrangements, and meal coupons remain powerful tax-saving tools. Chartered Accountants emphasize that tax planning is shifting from end-of-year investments to smart salary design. Employees who proactively restructure their compensation packages rather than relying solely on traditional deductions stand to gain significantly in this evolving framework. Consulting tax experts is essential to maximize these opportunities.
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