for salary individuals gross salary 825000/- , which regime is best whether old or new?
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Quick Summary
For salary individuals earning Rs. 8,25,000 annually, the choice between the old and new tax regimes depends on your eligible deductions and exemptions. If you can claim benefits like HRA, basic salary components, DA, and utilise tax-saving instruments such as PPF, Mutual Funds, or ELSS, the old tax regime is generally more beneficial. However, if your total exemptions and deductions are less than approximately Rs. 1,43,750, the new tax regime might be the better option.
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.