Trending @Infosys; Tax Filing
I filed for tax today. And I will receive a refund of Rs 7000 using old-tax regime. Now I don't know if I should be happy that I am getting a tax refund or sad that I am poor that I didn't file in new tax regime.
If you didn’t have home loan interest and student loans interest had not utilized your tax saving investments fully 2L. Then I believe the new tax regime is better. Why did you not check the tax implications on the site. You can go till last page get your tax amount in one regime and then go back and check again with other. You can still submit revised return. There is a significant difference in the two depending on your income slab and kind of saving instruments you have invested in
We can also use ClearTax, which will auto-populate most of the details. On the final page, it will show whether the new regime or the old regime saves more for us. It also provides a detailed breakdown of deductions and other relevant information. ClearTax charges only for filing, so these steps can be done free of cost. This way, we can save time and fill in the same details on the Income Tax website directly by choosing the required regime.
I have checked in both regimes, Thank you very much😐
