Hi Mihir,
My ctc is 21.5lpa which regime i shud opt for .
I have home loan .
How much tax i shud pay
Thnks
Sudhakar
Ans: For a higher salary after proposal of Standard deduction and new slab rate under new regime, new tax regime is more beneficial. With CTC 21.5 lacs and housing loan deductions of Rs.2,00,000 for interest and Rs.1,50,000 for 80C (including housing loan principle); tax liability under new old regime will be Rs.3,37,500 and under new regime it will be Rs.3,30,000.