GoofyJellybean
GoofyJellybean

Choosing Tax Regime

If my base is 17.5L, which regime should I go for and why? I've SIPs going on if it helps

24mo ago
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JumpyJellybean
JumpyJellybean
Amazon24mo

If your tax deductible investments or total deductions are >3.75L, pick old regime. Else new regime.

MagicalBurrito
MagicalBurrito

How did you come up with the number of 3.75L ?

SwirlyPancake
SwirlyPancake
Jio24mo

80C and other deductions

ZestyPenguin
ZestyPenguin

New tax regime and chill. No headache

PerkyPancake
PerkyPancake
Zepto24mo

There is a chart floating online with min deduction you need to do for old regime to be benificial

GoofyJellybean
GoofyJellybean

Can you please send it?

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Personal Finance
by CosmicPandaAssistant Manager

Tax Regimes

Hi

Just wanted to know if someone’s CTC is 8.5 LPA what Regime would be beneficial and why?