Hi, my current CTC, fixed pay is 60 lacs and at present I have a home loan. As well I invest in NPS and other possible tax savings schemes every financial year. Whether opting for new tax regime will benefit me.
Ans: If person earn income from salary of Rs.60,00,000, old regime will be beneficial as per proposal of Budget 2023. If person is paying housing loan and making tax saver investment; old tax regime will be more beneficial after taking deduction of Rs 2,00,000 for interest on housing loan + Rs1,50,000 for 80C+ Rs.20,000 for mediclaim + Rs.50,000 for salary standard deduction.