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IT Company Discussion
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WigglyDonut
WigglyDonut
Infosys

Old / New tax, Which regime is better

I'm working in infy with a salary of 13.6 LPA and no investments.

Which tax regime is better

14mo ago
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SleepyKoala
SleepyKoala
EY14mo

Considering you're getting 13fixed apart from PF.

Old Regime ( After declaring 1.5lpa in 80cc + Hra declaration 1L + Nps 50k ) = Total Tax = 1.06 L

New Regime ( With no worries of any investment ) = Total Tax = 1.05 L

I'll suggest, compare your tax and then decide. Choose old regime, if you're able to utilize full limit of exemptions of different sections, otherwise New.

WigglyDonut
WigglyDonut
Infosys14mo

Thanks for that and I have 12.2 is fixed and 0 investment

SleepyKoala
SleepyKoala
EY14mo

I'd suggest, go for New Regime as total tax will be around 90k. This way, you'll be having cash in hand. You can invest for your future accordingly.

DizzyDonut
DizzyDonut
Razorpay14mo

New

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