SquishyWalrus
9moTrending @Accenture; Quick question on Tax deduction
My salary was 13.59Lakh and after pf and standard deduction my yearly tax liability was 28k. Now I received a hime and my salary is 15.14Lakh and after deduction now the yearly tax is somewhere around 1lakh or over. So basically the hike was for the government not for me. Can someone guide me under the new regime what i can do to avoid paying so much tax. I am in CL9
9mo ago
DerpyCupcake
9mo
New Regime: Make your basic pay to 50% and opt for 10% NPS. This will reduce your in hand salary but you will have more savings (EPF+NPS) in longer term also tax will be reduced.
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