New vs Old Tax Regime Calculations: What will be your tax liability on salary of Rs 7.50 lakh, Rs 15 lakh, Rs 22.5 lakh or Rs 30 lakh?
Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...
Opting for old tax regime? Check these tax-saving schemes under Section 80C
One of the most valuable deductions available under the Old Tax Regime is Section 80C, which allows taxpayers to claim ...
Tax Guru1d
New Tax Regime vs. Old Tax Regime: Which One is Better for You?
Choose the Old Regime if you have significant tax-saving investments (PPF, EPF, LIC, etc.) and claim deductions like HRA, 80C, and 80D. Choose the New Regime if you do not have many deductions and ...
Tax Guru5d
Comparative Analysis of Old Tax Regime and New Tax Regime
The Old Tax Regime requires tax planning, as taxpayers must invest in specific financial products to claim deductions. In contrast, the New Tax Regime is simpler, as it does not require tracking ...
Mint11d
Income Tax Calculator: Here you can assess which tax regime – old or new – is better for you?
it is vital to compare the tax computation under both the tax regimes i.e., old and new. And you can opt for the regime which gives lower tax outgo. Introduced in 2020, the new tax regime was made ...