Old or new tax regime

Tax planning 284 views 7 replies
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INCOME TAX PRACTITIONER
1329 Points Joined August 2012

Sir,

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

 

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On 18 April 2020 at 10:35 Report
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25 Points Joined April 2020
Give the discripttion of entire salary amount like basic, DA, HRA
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On 18 April 2020 at 10:48
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193 Points Joined February 2019
If the employee is utilising the benefits of deduction then old regime is better than new
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On 18 April 2020 at 10:54
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INCOME TAX PRACTITIONER
1329 Points Joined August 2012

thanks

 

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On 18 April 2020 at 10:56
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job
376 Points Joined August 2010
If u r eligible for variable components and HRA then old one is beneficial for u
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On 18 April 2020 at 18:20
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Student
23688 Points Joined November 2017
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.
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On 18 April 2020 at 19:20
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Manager - Finance & Accounts
2178 Points Joined December 2012

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. 

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On 18 April 2020 at 20:49
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BUSINESS DEVELOPMENT MANAGER
1697 Points Joined February 2019

old tax regime is beneficial

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On 21 April 2020 at 16:11


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