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theresa jeevan

Your Curly Haird mal... ‱ 2m

Deadpool’s Tax Tips—Let’s Make It Simple! 💾 Salary below â‚č12.75L? Go with the new tax regime—less pain, less paperwork. Easy peasy. đŸ„ł 💰 Salary above â‚č12L? If your exemptions (HRA, 80C, 80D, home loan, etc.) are more than â‚č5L, old tax regime coul

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Havish Gupta

Figuring Out ‱ 2m

So the new regime doesn't have all the deductions?

theresa jeevan

Your Curly Haird mal... ‱ 2m

No the new Regime doesn’t let you claim any of these deductions. The only ones allowed under new are NPS and house property loan interest only if the house is let out.

Havish Gupta

Figuring Out ‱ 2m

That's why the tax rates are so less

theresa jeevan

Your Curly Haird mal... ‱ 2m

Yeah, but these lower tax rates are beneficial only for the lower income group

Havish Gupta

Figuring Out ‱ 2m

yeah, but considering almost 95% of india makes less than 12lpa, it's still a great news

theresa jeevan

Your Curly Haird mal... ‱ 2m

That is true :)

0 replies1 like

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