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JumpyPancake
JumpyPancake
23mo
by
TCS

New tax regime or old tax regime?

I am confused on which tax regime i need to use. I am a digital associate and my salary is around 7.2LPA. I heard the news that according to the new tax regime my salary band should pay a tax of 10%. How can I avoid that? Or should I switch to the old tax regime?

23mo ago
SillyPickle
SillyPickle
TCS
23mo

Opt for old tax regime

DancingQuokka
DancingQuokka
Capgemini
23mo

Wrong advice

SillyPickle
SillyPickle
TCS
23mo

Is 80C and 80CCD exemption provided in new tax regime

SquishyJellybean
SquishyJellybean
TCS
23mo

If you have investments, HRA. House loan and interest for that, then opt for old. Else new regime

JumpyPancake
JumpyPancake
TCS
23mo

Can I consider stock investments as investment?

BouncyBagel
BouncyBagel
TCS
23mo

Only ELSS based Mutual Funds

DizzyPanda
DizzyPanda
HCL
23mo

Yes, There are no changes made by Finance ministry.

JumpyPancake
JumpyPancake
TCS
23mo

Can you check ultimatix once. The new tax slabs are rolled out for FY2024-25.

DizzyPanda
DizzyPanda
HCL
23mo

if you select new tax regime then no need to pay any tax.

JumpyPancake
JumpyPancake
TCS
23mo

Even for the FY2025?

DizzyPanda
DizzyPanda
HCL
23mo

You can consider investment in ELSS mutual funds for 80C upto 150000 rs to save 46k Rupees and not investments in individual stocks

DizzyPanda
DizzyPanda
HCL
23mo

After election in the new budget, if they increase basic deduction then it will benefit you more.

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