Hello , Every year I have approx 25Lakh to 30 lakh Intrest Income from Bank deposit alone. Assuming I have no other Income source currently.
My question is If I put all my Bank Money in Debt mutual fund and then witdraw only upto my monthly expenses ( which aprox only 25K ) which is 25K *12 =3Laks which is Tax free as per new Regime.
If i do all this Then I don’t pay any tax on my money ever, Am i right or missing anything?