hi Sir , My CTC is 36 L . If I opt complete deduction under 80 C/D - 1.5 L
Home Loan amount 1.49 L. HRA - 30,000 pm.
LTA - 50k
Then please advise which Tax Regime will be good for me, old or New?
Ans: Hi Vishal
Assuming that you would have tax investment of Rs. 1.50 Lakhs, Home Loan Interest of Rs. 1.49 Lakhs, HRA exemption of Rs. 3 Lakhs & you are claiming LTA exemption of Rs. 50,000 then the old tax regime may be better for you as that may reduce your tax bill by about Rs. 85,000.
If any of the above assumptions are not correct then the opinion may change accordingly