"I am the Co-founder and CEO of Floatr (www.floatr.in), focused on building structured financial wellness solutions for modern workforces. With over 25 years of experience across technology and fintech, I work closely on personal finance, taxation, and retirement planning. As an IICA Certified Independent Director, I bring a governance-led approach to financial solutions and actively advocate for disciplined, payroll-driven investing to improve long-term financial outcomes for employees. "
The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows that structured allowances and deductions can bring taxable income to zero.
The case highlights NPS as one of the few deductions available in the new tax regime. Employer contributions remain fully deductible. The ruling underscores NPS as a key tax-saving tool.
