BouncyPotato
BouncyPotato

Old regime vs new regime?

Which is better old or new tax regime if falling in the 30 % tax bracket?

22mo ago
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BouncyPotato
BouncyPotato
PayTM22mo

Besides standard deduction of 1.5 lakhs and 50k nps. Is there anything else we can invest in to save besides these deductions?

MagicalBurrito
MagicalBurrito

Corporate NPS (If your employer has this provision), health insurance. Maxing out your HRA alone will substantially reduce your taxable income.

GroovyBoba
GroovyBoba

But HRA is only useful if you are living on rent right?

DerpyWaffle
DerpyWaffle

If deduction > 4.5 L : then old
else : new regime

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