Sir, I have a CTC of 29 L deductions include ( 1.5 Lakhs +50000 Nps +home loan intrest 100000 .I am planning to close my home loan . 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 around 29 lacs 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
In future, you can calculate the tax from following link :
https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx