I earn 1700000 per annum. I have a home loan principal repayment around 170000 and interest 42000, have deduction in Nps of 50000, mediclaim of 12500, lic premium of 61000 and child education fee of 72000 per year. which tax regime will be better for me. please advise. Thanks
Ans: Person having taxable income of 17 lakhs and eligible to take deduction of 3.04 lakhhs lacs from housing loan/80C/80D/NPS, can opt for new tax regime as new slab rate is likely to be beneficial as per budget proposed for FY 2023-24