Related Posts
ZS London compensation and benefits?
Hello fellow Fishes I have an offer from persistent. Need some clarity on same. I want to know the grade system in persistent. What does 7.1 mean? Is 7.1 a right fit for an total experience of 10+ years? What is the appropriate CTC for an architect designation? I want to know if I am getting it as per experience.
Persistent Systems Persistent Systems Limited
Hi Folks - can someone help with the hierarchical structure as per bands in persistent?
Like what is 7.x, 9.x and 11.x ? Is there anything above 11? I m about to receive an offer and would like to negotiate it properly !
My skill set- Microsoft Azure.
YOE- 12
MBA from ISB Persistent Systems Limited
So what’s the new McK comp breakdown?
More Posts
Anyone here in Santa Barbara CA?
Additional Posts in India Tax
New to Fishbowl?
unlock all discussions on Fishbowl.




For 15 lakhs, tax is Rs 187500/-.
Beyond that, for every rupee, 30% tax.
This is new regime, and excluding Health & Education Cess.
NB:- No investment deductions allowed under new regime.
Well.. I'm afraid that wouldn't be possible. If you wanna claim such deductions, then you cannot pay tax under new slabs. You will have to pay tax under old regime.
Under old regime, for 20lpa,
you get 50000 standard deduction;
Some 60000 as HRA deduction (conditions apply);
Under 20000 as TA deduction etc.
Then you can also claim mediclaim, LIC premium and like deductions.. (there are some)
However, under old slab, tax for 15 lakhs would be Rs. 262500/- 🙁
And then 30% for every rupee above that.
So I would advise you to opt for new regime now, in case you don't have any tax exempt investments.
And then, at the time of filing your returns, calculate tax under both scheme. And file under the one which is most beneficial for you.