Hi RediffGurus, based on new tax structure announced by FM in today's budget, how much benefit can one expect if he/she was already following new tax-regime and is in higher income bracket (>15 LPA)?
Ans: The tax slabs of >15L is itself very broad and your benefits depend on what sections of Income Tax Act are you taking benefit of like 80C, 80G, 80D, 80E, 24B, and HRA.
Instead of looking at broad tax slabs, please calculate yourself at this calculator as pertaining to yourself and you will be able to decide which tax regime is better for you:-
https://cleartax.in/paytax/TaxCalculator