I am a 50-year-old teacher. I have an investment Rs 50,000 in NPS per FY and Rs 1,50,000 (80 C) along with standard deduction of Rs 50,000 and PTax. I guess my tax will be same in the regular tax regime and the new tax regime.
Can you kindly confirm my assumption?
Ans: We would need your income details to exactly calculate the same. But, with the given information, you will have almost similar tax implication on both tax regimes.
There are a number of tax calculators which you can use and accordingly decide which suits you better.