DancingBiscuit
DancingBiscuit

Which tax regime is better for 12.25LPA

Which tax regime is better old one or new one for 12.25 LPA. I am paying 20k for insurance that’s it I don’t have house loan, rent bills etc

7mo ago
ZestyPenguin
ZestyPenguin

Unless you have exemptions with 3 lakh is better to go with new regime

JumpyDonut
JumpyDonut

Most companies have tax calculators for deciding this . Given that you are in EY surprised a bit.
You can search on google for old vs new tax regime comparison and you have the answer.

Also you can probably use HRA .

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