SquishyBanana
SquishyBanana

Which tax regime best for 20LPA salary?

With Only HRA and Section 80C exemption

12mo ago
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MagicalDonut
MagicalDonut

You can do some research to understand both the regimes before blindly asking this question. Check this link from cleartax: https://cleartax.in/s/old-tax-regime-vs-new-tax-regime

SquishyBanana
SquishyBanana

Ofcourse I had done my research. This post was to take opinion from others as everyone has a different perspective. No one asks any question blindly. Thanks though!

FluffyPretzel
FluffyPretzel
EY11mo

It always says new regime is best.

GigglyBagel
GigglyBagel

New Tax Regime hands down if you don't have a house loan.

JumpyDonut
JumpyDonut
Optum12mo

Ask some CA u know . They would say old.

QuirkyJellybean
QuirkyJellybean

Bro i am a CA. Forget numbers let me tell u new regime is a trap. Invest your money take all deduction and be in old regime

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Personal Finance
by CosmicPandaAssistant Manager

Tax Regimes

Hi

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