๐ธNew (Revised) vs Old Tax Regime - Which one to chose??
Wondering which would be more beneficial for you - New or Old?? ๐ค
Let's answer that in a Simple, Easy to Understand way!!
NO Jargon, NO Complex Excel sheets๐
Wondering which would be more beneficial for you - New or Old?? ๐ค
Let's answer that in a Simple, Easy to Understand way!!
NO Jargon, NO Complex Excel sheets๐
๐น For Income up to 7 Lakhs
- If Deductions + Exemptions > 200,000 : Old Regime
- If Deductions + Exemptions < 200,000 : New Regime
- If Deductions + Exemptions > 200,000 : Old Regime
- If Deductions + Exemptions < 200,000 : New Regime
๐น For Income up to 8 Lakhs
- If Deductions + Exemptions > 212,500 : Old Regime
- If Deductions + Exemptions < 212,500 : New Regime
- If Deductions + Exemptions > 212,500 : Old Regime
- If Deductions + Exemptions < 212,500 : New Regime
๐น For Income up to 9 Lakhs
- If Deductions + Exemptions > 262,500 : Old Regime
- If Deductions + Exemptions < 262,500 : New Regime
- If Deductions + Exemptions > 262,500 : Old Regime
- If Deductions + Exemptions < 262,500 : New Regime
๐นFor Income up to 10 Lakhs
- If Deductions + Exemptions > 300,000 : Old Regime
- If Deductions + Exemptions < 300,000 : New Regime
- If Deductions + Exemptions > 300,000 : Old Regime
- If Deductions + Exemptions < 300,000 : New Regime
๐นFor Income up to 11 Lakhs
- If Deductions + Exemptions > 325,000 : Old Regime
- If Deductions + Exemptions < 325,000 : New Regime
- If Deductions + Exemptions > 325,000 : Old Regime
- If Deductions + Exemptions < 325,000 : New Regime
๐นFor Income up to 12 Lakhs
- If Deductions + Exemptions > 350,000 : Old Regime
- If Deductions + Exemptions < 350,000 : New Regime
- If Deductions + Exemptions > 350,000 : Old Regime
- If Deductions + Exemptions < 350,000 : New Regime
๐นFor Income up to 13 Lakhs
- If Deductions + Exemptions > 362,000 : Old Regime
- If Deductions + Exemptions < 362,000 : New Regime
- If Deductions + Exemptions > 362,000 : Old Regime
- If Deductions + Exemptions < 362,000 : New Regime
๐นFor Income up to 14 Lakhs
- If Deductions + Exemptions > 375,000 : Old Regime
- If Deductions + Exemptions < 375,000 : New Regime
- If Deductions + Exemptions > 375,000 : Old Regime
- If Deductions + Exemptions < 375,000 : New Regime
๐นFor Income up to 15 Lakhs
- If Deductions + Exemptions > 408,500 : Old Regime
- If Deductions + Exemptions < 408,500 : New Regime
- If Deductions + Exemptions > 408,500 : Old Regime
- If Deductions + Exemptions < 408,500 : New Regime
๐นFor Income > 15.5 Lakhs and up to 5 Cr
- If Deductions + Exemptions > 425,000 : Old Regime
- If Deductions + Exemptions < 425,000 : New Regime
- If Deductions + Exemptions > 425,000 : Old Regime
- If Deductions + Exemptions < 425,000 : New Regime
That's all. I have covered all Income groups from 7 Lakhs to 5 Crores.
Check for your Income Group. Save it for the Future Reference!!
I will be posting my analysis of the #Budget2023 and its effect on you, this entire week.
Stay Tuned!!
Check for your Income Group. Save it for the Future Reference!!
I will be posting my analysis of the #Budget2023 and its effect on you, this entire week.
Stay Tuned!!
If you Liked this Thread ๐งต, Like ๐ and Retweet ๐ the First Tweet to share the Knowledge with other Tax Payers!!
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Thank you ๐.
Thank you ๐.
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