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DizzyBagel
DizzyBagel
18mo
by
TCS

Tax Regime

I'm a digital associate , getting in hand about 47k-52k , I have an education loan on me which I have to pay emi per month for me which tax regime will be a good new tax regime or old tax ,considering the loan .

18mo ago
JazzyJellybean
JazzyJellybean
TCS
18mo

If your taxable income is less than 7.5lac per annum. Then no tax will be deducted. For more details you can check the tax calculator in ultimatix

JazzyJellybean
JazzyJellybean
TCS
18mo

In case of new tax regime

GigglyHamster
GigglyHamster
TCS
18mo

Stick with the old tax regime. Your education loan interest can be deducted, saving you more money. The new regime offers no such benefits. Simple choice.

DizzyBagel
DizzyBagel
TCS
18mo

I'm fresher joined tcs in dec 2023 so by default they have selected a new tax regime , can I now change it to the old tax regime or should I wait for April

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