My income consists of
1) Rental income
2) Dividend Income
3) Interest income
4) LTCG/ STCG
5) Business income
and i am senior citizen.
Aggregate Income in around 30Lacs.
I have deposited PPF 1.5 Lacs
Made donation u/s 80G Rs 50000/-.
Need to know I shall file my return under new or old tax regime? to save on Tax.
What are the pros and cons under the new tax regime?
4 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 30 July 2023
The new regime is better for you. The pros and cons of both regimes depend on multiple factors. Also, if you opt for a new regime once, then you have an option to switch schemes in the future only once. For more details please have a look at your inbox.
sabyasachi mukherjee
(27574 Points)
Replied 05 August 2023
Old regime and new regime has two advantages . In old regime there are a slew of deductions , rebates and exemptions.
New regime must taken advantage for higher tax slabs .
New regime must taken advantage for higher tax slabs .
chandar R
( )
(225 Points)
Replied 06 August 2023
Go to home and click "Income Tax Calculator" under QUICK LINKS in the Income tax portal and enter the details. It will give the tax arrived under old and new Tax regime. You can see how much tax can be saved.
Hope it is helpful.
chandar R
( )
(225 Points)
Replied 06 August 2023
You have 2 options- Basic and Advanced calculators and may use them for knowing the figures.
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
