Need financial suggestions on tax saving
I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest
Similar situation with the same salary, no house loan and low rent cost.
Currently in New Regime as there is really no use with the old one now.
You can avail NPS deduction where employer is deducting your salary and putting it into NPS. Not the vice versa.
Nothing in new tax regime.
In old tax regime, you can benefit if you are paying/can show higher rent.
Do you have home loans or anything else?
PerfumedSled
Stealth
3 months ago
Are you looking to save taxes before filing itr? Or you want a plan for long term?
Also you can only claim deductions upto 50,000 in new tax regime
I already filed an ITR for FY 23 looking forward to saving in the new tax regime
Kachori
Student
3 months ago
One question
If you have a loan then you have to pay tax?
Kachori
Student
3 months ago
Like if you have a 10 lakh base
Then it ranges in taxable 30%
Then you have to pay tax right
If you have a loan or not it doesn't matter
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I know you are asking for new regime but if possible switch to old one. Before switching just calculate if you exhaust the limit of 80C, 80D and actual HRA what is the difference.
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