Rs 94 lakh cr investor wealth wiped-off from stocks markets, but tax loss harvesting can salvage your income

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Tax-Loss Harvesting: Investors can offset stock market losses against capital gains to reduce tax outgo.
Revised Tax Rates: STCG increased to 20%, LTCG to 12.5% post-July 23, 2024.
Market Impact: Nifty & Sensex down 15% from peak, investor wealth eroded by Rs 94 lakh crore.
Tax-Saving Tips: Offset short-term gains, optimize dividends, consider ELSS, carry forward losses.
Portfolio Strategy: Regular rebalancing, tax-efficient investments, and smart deductions help minimize tax liability.

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