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ZippyNoodle
ZippyNoodle
Stealth

Tax Planning

Any tax planning recommendations / tips / third party suggestions for someone earning ~25lpa ?

20mo ago
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FloatingPickle
FloatingPickle
Stealth20mo

Old Regime Do 80C 1.5, Individual NPS 50K, HRA Deductions, Corporate NPS 20%

SwirlyPancake
SwirlyPancake
Jio20mo

You'll be looking at 4.5-4.8L tax on that.

You'd have a 3.8-4.2L on new regime without any investments.

GroovyBoba
GroovyBoba
X (formerly Twitter)20mo

I thought corporate nps is fixed till 10%?

ZippyNoodle
ZippyNoodle
Stealth20mo

For all those who came for the answer, I’m going for new regime since I don’t have investments/deductions of more than ~4.25lakhs!

https://twitter.com/pattem_raj/status/1645312924569817088?s=46&t=t_-_37JJaQHmU5hybJKb5A

GroovyBurrito
GroovyBurrito
Stealth20mo

if 25LP is your base, blindly go for new regime, requires no hassle of tax planning. Fits perfect for those with ctc > 21LPA

GroovyBurrito
GroovyBurrito
Stealth20mo

*Fixed component > 21LPA

JazzyHamster
JazzyHamster
Stealth20mo

Saving the post for suggestions

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