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Personal Finance
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CosmicPanda
CosmicPanda
Stealth

Tax Regimes

Hi

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

24mo ago
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FloatingDumpling
FloatingDumpling
Apple24mo

Income tax site has a calculator that calculates using both regimes and tells you what's suitable.

Cleartax also has one.

TwirlyNoodle
TwirlyNoodle
Air India24mo

Old regime - just make sure you use all deductions 80c,HRA can help. Easily make your net income less than 5L and pay zero effective tax

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