Budget 2020 introduced an optional personal tax regime that offers you the benefit of newer tax slabs, as well as lower tax rates, should you forgo certain deductions and exemptions. Considering how the government has done away with 70 of over 100 tax exemptions, it’s safe to say that your investment approach must alter too.

While earlier you may have felt compelled to invest in certain avenues purely owing to their tax-saving ability, now, you can move away from this mindset, and instead choose avenues based on the value that they add to their portfolio. This gives you an opportunity to pick instruments that truly help create wealth.