
Need financial suggestions on tax saving
I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest
I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest
One question
If you have a loan then you have to pay tax?
Yes if you salary falls in taxable slab
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
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.
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.