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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Feb 04, 2023

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by Rohit on Feb 01, 2023Hindi

What are changes in old tax regime

Ans: Hello Rohit

As a financial advisor, I would advise you to consult a chartered accountant for specific tax planning advice. They have expertise and in-depth knowledge of tax laws and regulations and can provide you with personalized strategies to minimize your tax liability. I can assist you in creating a comprehensive financial plan, but for tax planning, it is best to consult a tax professional.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Is there any changes in the old tax regime

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No changes to the slab rates in the old tax regime but the surcharge rate has been cut off at 25% for all individuals regardless of old or new tax regime

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Old or new tax regime which is benificial

Ans: hi,
your question is very vast but trying to reply in simple words,
beneficial of tax regime differs person to person as per the type of income and invesments done by the assessee.
however new tax regime is promoted by the government with vast benefits with very low paper works but it doesn't mean that it will be beneficial to all assessee.
I found many cases while filing of Tax returns where old tax regime was beneficial for the assessee.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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