New tax regime - Income tax slab rate
This query is : Resolved
04 May 2024
Till now, I used to follow old tax regime income tax slab.
For Fy2024-25, I would like to switch to New régime income tax slab.
Is new tax régime allows U/S 80 C dedution for LIPs, ELSS MF etc.
For Fy2024-25, I would like to switch to New régime income tax slab.
Is new tax régime allows U/S 80 C dedution for LIPs, ELSS MF etc.
04 May 2024
No... Please check allowable deductions under new tax regime.
04 May 2024
Can I swith to new tax regime from old tax regime (ignoring deductions if any)
04 May 2024
Yes, You can switch to new scheme. (But, better to check the availability of new to old & old new. Bcoz, it's not possible to switch every year except Salary income)
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