Tax declaration FY 2024-25
Can you please suggest which is best for Tax declaration this financial year.
- If we have home loan which is best old tax regime or new tax regime?
- If we go for new tax regime any benefit for tax declaration.
Home loan than old is best, no doubt.
upto 20 lakhs with all possible tax exemptions old regime is better. over and above mostly the new regime is better without the headache of submitting proofs for concessions.
Agree with @cerebral_15...if ur CTC is over 20 lpa then go for new tax regime else go for old one and avail 80C and 80D and others tax exemptions including load...although in ultimatix u can find 1 sheet for comparison of old tax regime vs new tax regime against ur salary thr u can see where u get maximum benefit and choose accordingly.
Old tax regime will be best if u have loan
You can find tax calculator in 'my documents'. Which will help you to decide which regime is better for you.
