Old or new tax regime

Tax planning 211 views 7 replies

Sir,

for salary individuals gross salary 825000/-  , which regime is best whether old or new?

 

Replies (7)
Give the discripttion of entire salary amount like basic, DA, HRA
If the employee is utilising the benefits of deduction then old regime is better than new

thanks

 

If u r eligible for variable components and HRA then old one is beneficial for u
I agree with CA Arpit Sir...

If you are claiming various Allowances like HRA, etc and invests in various tax saving instruments like PPF, Mutual Funds, ELSS ( i.e. 80C ), then the OLD TAX REGIME would be beneficial for you.

Hi Muralidoss, 

If total of yours tax exemptions and deductions more than Rs. 1, 43, 750/-. then go for old regime. otherwise go for new regime.

Hope it helpful. thank you. 

old tax regime is beneficial


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