Hi,
I have a query on the Tax regime more suitable for the income I have.
I have an option to choose form the old or new tax regime. So need to do that.
I have a fixed income of 22.5 Lakhs/Annum. Basic is 50% on it per annum and HRA is 50% on Basic.
Paying a Rent of 20 K/Month. 20 K/Month towards PF (Employer and Employee). 40K/Annum Premium Towards LIC.
No Housing Loan, No Other exemptions.
Can someone please help me with the better tax regime (lower side) to choose from (Old or New)?
Thanks,
Arjun.
CAclubindia
