Budget Tax Break: What To Do With Your Extra Income Money
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, set out an order for using the extra money from the Budget tax cut: build an emergency fund first, then pay off high-interest loans, and then save for short-term and long-term goals.
More of Abhishek's views on money management
After the February 2025 Budget announcement that salaried taxpayers earning up to ₹12 lakh would pay no income tax, which the article says saves them ₹80,000 a year, Outlook Money discusses putting the extra money to use rather than spending it. Experts set out priorities such as an emergency fund, repaying high-interest debt and saving for goals, alongside a mix of equity and debt. It includes comments from Abhishek Kumar.
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Budget Tax Break: What To Do With Your Extra Income Money