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Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Mar 11, 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 Raghavendra on Feb 08, 2023Hindi

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My Income is 12 lakhs, and savings Child tution fees, GPF contribution all comes over 1.5 lakhs and also in 80D Medical Insurance 23000. Is old or New tax regime beneficial?

Ans: New regime is better from FY 23-24. So rather than blocking your assets for a period of 15yrs, you can choose an investment with no lock in and still pay less taxes using the new regime.

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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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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