TAX PLANNING OLD VS NEW

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223 Points Posted on 02 December 2023

MR A who is a salaried person  whose monthly salary is 18000 if he earns 675195 Rs as commission (income from other source) (without Tds) then which ITR he should file to get most benifit old or new pls solve my query with illustration.

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On 02 December 2023 at 06:59 Report
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This discussion explores whether the old or new tax regime (under Section 115BAC) is more beneficial for a salaried individual earning £18,000 per month and an additional £675,195 in commission income. The user is seeking an illustration to determine the optimal ITR filing choice for maximum tax benefit, questioning if ITR 1 is suitable and if tax planning is even possible under the new system.

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Profession
28271 Points Posted on 04 December 2023
Sec 115BAC . CHOOSING THE CORRECT OPTION IS RELEVANT.
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On 04 December 2023 at 14:16
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Finance
4592 Points Posted on 05 December 2023

I think ITR 1 and there is no ITR planning because all are limits based on income levels and sources of income.

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On 05 December 2023 at 15:44

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