Can someone help me understand difference between old and new regime? Which one is better and why?
I have contacted CA but he is asking 10% of all saving that I'll receive... Seems heavy... Don't you aggree🤔

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I also heard from one of my friend as CA will ask for 10% .
I was like WTH going on -
One side company will deduct
One side Govt. Tax need to paid,
Another side this CA will charge.
I think Nirmala Tai ji was right - To reduce your tax, Earn less 🥴😐
Looks like earning more is crime in India. 😥😢
Let's Plan to switch to Dubai 😉


Old is better in most cases, and especially if you have invest in tax saving schemes like LIC, ELSS, PPF, NPS etc.
New I've found is not great this year, however the slabs will likely change next year, since gov wants folks to opt for New regime. It's only good this year if you don't invest much or don't want the hassle of submitting bunch of docs


Thanks buddy

There is other online consultation, like cleartax . They have paid service use that.


If you are currently using alot of the 80c benefits, then old regime makes sense.
In the new regime there is no provision for this. meaning if you are not much into savings only for the tax benefits, then new regime makes sense.


Thanks a lot for your reply

Old slab is good if you have your investment portfolio built up, such as invested in 80C, home loan etc. If you just got high package and you don't want/have any home loan, i have calculated for a package of 20 LPA you will have to pay 30,000/- less tax than old regime if you choose new regime.
Choose new regime.


Ok bhai

Although this is my first time, that I will be paying taxes, what I understand is, if you have enough money to invest, yet you still would have liquid funds(basically cash in home/bank), then opt for old regime. Also, if your salary is less than 20 LPA, if I would be in your position, I would say go with Old regime.

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