Income tax return filing 2024

hello all

my husband not a senior citizen got interest income on fixed deposits of rs. 5,74,275 and stcg income of rs. 61,056

he did investment of rs. 1.50 lacs on tax saver fd n paid mediclaim of rs. 28,790

our CA says to file itr in new regime otherwise he says as pwr old regime we will have to pay tax which will be cut from tds already deducted by our bank

is it true

Replies (3)
Quick Summary
This discussion explores the best tax regime for filing income tax returns in 2024, particularly for individuals with significant interest income and investments. The consensus suggests the new tax regime is often more beneficial unless substantial deductions are available under the old regime. It clarifies that tax payable under the old regime could exceed TDS already deducted.

Yes. Your CA told you absolutely right

if possible can u explain how

Unless you have deductions of more than Rs 3 lakh, taxes are lower for the new tax regime.

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