Help for Income Tax.
Hi guys I'm new to this stuff and currently I'm under the slab where I have to pay the income tax under the new tax regime. Can someone please guide me how to declare and calculate the itr? Currently I've a home loan and I heard that if you have HL and ins then you should probably file under the old tax regime. Can someone please guide!!
Yes in old tax regime and as per knowledge in new tax regime you won't get exemptions except 50000 standard deductions
And how should we declare that in tcs? I think income tax is cut from our salary right?
You need to select tax regime old or new but that is only one time for financial year after that you can show your investments if you are choosing old regime for new regime I don't think you need to declare anything
https://cleartax.in/paytax/TaxCalculator this will help
Thank you
