Old / New tax, Which regime is better

I'm working in infy with a salary of 13.6 LPA and no investments.

Which tax regime is better

12mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

SleepyKoala

EY12mo

Considering you're getting 13fixed apart from PF.

Old Regime ( After declaring 1.5lpa in 80cc + Hra declaration 1L + Nps 50k ) = Total Tax = 1.06 L

New Regime ( With no worries of any investment ) = Total Tax = 1.05 L

I'll suggest, compare your tax and then decide. Choose old regime, if you're able to utilize full limit of exemptions of different sections, otherwise New.

WigglyDonut

Infosys12mo

Thanks for that and I have 12.2 is fixed and 0 investment

SleepyKoala

EY12mo

I'd suggest, go for New Regime as total tax will be around 90k. This way, you'll be having cash in hand. You can invest for your future accordingly.

DizzyDonut

Razorpay12mo

New

Discover more

Curated from across

Personal Finance11mo

by DancingDumplingProduct Owner

Old vs New tax regime

For a salaried employee ranging from 10 lpa to 17 lpa, which tax regime would you suggest for? Old vs. New?

Big 411mo

by DancingBiscuitEY

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

Personal Finance24mo

by FloatingCupcakeStudent

Tax regime advice for fresher

Hey, I'm a fresh college passout working for a startup and I gotta do taxes now(how fun). The organization is making me choose between the old tax regime(2022) and the new tax regime(2023).

My in hand is 9LPA.

Which tax regime shoul...