Old or New Regime and what expenses to claim in FnO

Ravishankar K (Accountant) (461 Points)

08 June 2022  

Dear Friends, 

I am a salaried person and also do trading. I would like to know for my salary what will be the best IT Rule for me the old or new one. And what expenses i can claim against the FnO Trading Profits. 

Expenses incurred by me for this trading are mobile / internet bills, software service charges, purchase of mobile device for trading, 

Below are the approximate amounts of my earnings and deductions for FY 21-22 my Office doesnt deduct  any TDS and i do file and pay my own taxes. 

 

Gross Salary  950000
FD interest 240000
SB Interest  7800
Dividend  4500
FnO Trading Profit 50000
   
Deductions   
Standard Deduction  50000
PF 110000
PPF 55000
LIC 9500