SillyNugget
SillyNugget
23mo

Trending @Infosys; New tax regime or Old tax regime for 7.2 lpa ctc?

Hello folks, Need some help as which tax regime will be good for me with less tax deductions, my ctc is 7.2 lpa? I have Term Insurance for around 1.5K per month and planning for health insurance for my parents which will be around 5-7k per month?

23mo ago
QuirkyRaccoon
QuirkyRaccoon

Old, if you have invested, but if you select new then you won't be able to go back to old

SparklyBiscuit
SparklyBiscuit

You can go back to old, when filing next year... Google and check some YouTube channel where you can get to know about tax regimes for IT guys

ZestyPickle
ZestyPickle

Pls suggest for 10.7 LPA also

WigglyNugget
WigglyNugget

Old, if you have invested some money in elss or insurance.
Ps: you can check online which is best by adding all params in old pension and compare it with new pension

WobblyBagel
WobblyBagel

If new tax regime..you are exempted from the taxes..

SillyNugget
SillyNugget

yes that I know but I want to know precisely in which tax regime my in hand salary will be more?

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