Guys my ctc is 8.5 LPA could you please suggest which tax regime is best.. Assume I won't be taking any tax deductions.
With 8.5 CTC, if you use exemptions properly you would have to pay 0 tax with old regime!
Whereas with new regime you would have to shell out ₹ 36,400/-
The old regime always helps save more in taxes if you're investing right.
Not really. If you don't have any home loan to claim interest then old regime is bad. I don't have much additional options apart from 80C, 80D
And for folks (I'm in 20L+ bracket) with <=7.5L, new tax regime will have 0 tax without any investments. But in old regime, you would have to invest to get to zero tax. So essentially lower in hand.
Bit confused on New tax regime last year I saw 0-7 lakhs no tax, but now im seeing 3-6 lakhs 5% tax .. can someone explain this piece....
Assuming you have not made any investments, new tax regime
Just use the new regime
