Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Vivek Lala |305 Answers |Ask -Follow

Tax, MF Expert - Answered on Mar 16, 2023

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by Manoj on Mar 10, 2023Hindi

Money

Sir what is the difference between current and previous regime. Which is more beneficial for a salaried person.

Ans: Depends on the deductions you can claim

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.

Money1Reply

You may like to see similar questions and answers below

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on May 31, 2021

Question by Prabu - May 31, 2021Hindi

Money

I have few queries regarding IT. Can you provide comparison of old regime or new regime for Min 20 lakh salary?

Ans: The comparison of old and new tax regime with various options is shown below.

	Taxable Income-After Deduction			Tax Calculation - Old			Tax - New
Various Income Options	Option -1 (standard deduction, PT, 80C, 80D, Home Loan Int.)	Option -2 (standard deduction, PT, 80C, 80D)	Option -3 (standard deduction, PT, 80D)	Option -1	Option -2	Option -3
20,00,000	15,72,500	17,72,500	19,22,500	2,95,620	3,58,020	4,04,820	3,51,000

If you can claim various deductions mentioned above, old tax regime is a better option for tax saving.

Mihir Tanna |1026 Answers |Ask -Follow

Tax Expert - Answered on Feb 27, 2023

Asked by Anonymous - Feb 01, 2023Hindi

Money

For experienced professionals earning more than 50L per annum, basically there is no change correct ( under old regime). Is the new regime beneficial for professionals with higher income?

Ans: Person having taxable income around 25 lacs and take deduction less than 4.25 lacs from housing loan/80C/80D, can opt for new tax regime as new slab rate is likely to be beneficial as per budget proposed for FY 2023-24

Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on May 03, 2023

Asked by Anonymous - Feb 03, 2023Hindi

Money

Hello Mahesh, for a person with a salary of more than 30 lakhs and just 80C investment and NPS investment ( Personal + Corporate ), is new regime better or the old one ?

Ans: Hi,
Corporate NPS u/s 80CCD(2) will be relevant in checking the efficacy of options. If we consider that Corporate NPS is outside the Rs. 30 Lakhs and assuming that 80C deduction is Rs. 1.50 Lakhs then the new tax regime is best for you.

You could check the comparison using the following link

https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on Jul 24, 2024

Question by Gautam - Jul 23, 2024Hindi

Money

which regime -- new or old -- is better now for salaried taxpayers?

Ans: Depends upon the salary numbers, the eligible deductions and tax slabs that you fall under. Please note that there is no straightforward answer to this.

Latest Questions

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Question by Poonam - Feb 28, 2025Hindi

Career

Which is the best engineering college from cuet with strong alumni network and good placement?

Ans: I can't comment,because if I comment it will be considered as a biased comment.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Feb 28, 2025Hindi

Career

Sir I scored 88 percentile in mains 1 session and belong to obc catagory . Which college I get to btech CSE or NIT with lower branch

Ans: In low ranked NITs and State Government Engineering Colleges you will have good chance.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Question by dr - Feb 24, 2025Hindi

Career

Is school integrated program of gravity good for jee in lko

Ans: Your question is not clear

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Feb 24, 2025Hindi

Career

Hello what is the cutoff percentage for Computer science branch in NIT for SC category

Ans: Check in the respective website of the particular NIT.If you don't get please communicate with the director of that NIT through mail and get the mail ID of the Director from the website of the respective NIT.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Feb 24, 2025Hindi

Career

Sir, my son scored 92.27 percentile in jee mains Ist attempt with OBC ncl category. My home state is M.P. what are my best possibilities to get nits or IIIT.

Ans: He should get relatively low ranked NITs.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Question by V - Mar 03, 2025Hindi

Career

Hello Sir, my daughter is in ICSE grade 7th. She doesn't like Math, but has a deep liking for physics , chemistry, biology and computer science. What are the possible career options she can have in science field if she drops Math and chooses economics science and computers in 10th board

Ans: Since she doesn't like math don't give her computer course.She can go for Economics, Biotechnology, Biochemistry and Microbiology.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Mar 03, 2025Hindi

Career

Are NITs better than IITs? What about IIITs? What is the difference? What is the eligibility criteria to get into NITs? Can you please share some insights?

Ans: Old NITS are hundreds times better than new IITS.IIIT is a relatively new concept.Prefer good NITs.For NITs you need a decent percentile in JEE MAIN.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Feb 25, 2025Hindi

Career

Can i get NIT integrated physics with 93.48 JEE mains score. Female, General category and telangana home state

Ans: Yes,you should get it surely.Because most of the higher percentiles will go for engineering.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Nov 13, 2024Hindi

Career

Hello, I am doing MBBS in Georgia and I could not give fmge in India as NEET is not qualified so what could me the career option in India or in Canada ?

Ans: Try for Canada only.India will be difficult for you.

Prof Suvasish Mukhopadhyay |458 Answers |Ask -Follow

Career Counsellor - Answered on Mar 04, 2025

Asked by Anonymous - Mar 04, 2025Hindi

Career

Dear sir mere january attempt main 97.34 Percentile hai aur main SC catagory se hu kya mujhe achi NIT mil sakti hai

Ans: Yes, certainly you will get top ranking NITs.

See more questions »

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x