Hi folks,new to tax deduction... Pls help.

My yearly income (post standard deduction+ 1.5 lacs 80c investment) is 650,000. (April 21- march 22).

I will also receive 2,00,000 joining bonus this month end.

Total income: 6.5 lacs + 2 lacs

Question:
1. Will 10% taxes(as per old regime slab) be deducted on 6.5 lacs and flat 30% be deducted on joining bonus?
Or
Only 10% Tax will be deducted on 8.5 lacs(6.5 + 2 lacs jb)?

2. Need suggestion to save tax on the above numbers.

Thanks

Posting as :
works at
You are currently posting as works at

put 8.5 lakh on some online tax calculator with new regime

Saving tax only depends on your requirement, the best is to invest in elss for long run

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