Trending @Capgemini; Can any one tell what is OAAR. Why to Choose it. If I am under new tax regime. Will they benifit me. What happens if i don't choose one

OAAR is beneficial for old tax regime. If you have opted for new tax regime then you shouldn't choose OAAR as it won't be helping you in tax saving

OAAR means you can get tax benefits for a) Professional pursuit b) books and journals c) Car fuel and driver depending on your grade..This means the entire amount if claimed let's says 36000 in case of books and journals becomes non taxable.You need N+1 approvals.Please check the policy document .Old or New does not matter..OAAR is over and above to what what you opt for..

Oaar is not beneficial for new tax regime.

Visit Payroll HGS portal , you will get the OAAR guidelines document… it will solve all your questions

Actually it's not related to any regime , in layman words you can decrease your tax on net pay by opting OAAR