Hi Sir, I have a CTC of 30L deductions include ( 1.5 Lakhs 80C - PPF, NPS: 50,000 (Self), 75,000 (Employer contribution), (Rs 24,000 - Food coupons), Rs 21,600 - Fuel reimbursement. I have currently opted for old regime, please let me that going forward which regime would be useful for me.
Ans: Person having taxable income of 30 lakhs and take deduction less than 4.25 lacs from housing loan/80C/80D, can opt for new tax regime as new slab rate is likely to be beneficial as per budget proposed for FY 2023-24