If I have a fixed salary of 30 LPA , which regime should I select?

a. I don't have any loans
b. I have 80 C fully covered. Have investment of 1.5 L

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A simple thumb rule is if you reduce your taxable income up to 4 lakh then go for old one. If not go for new one.
4 lakh deduction including everything.
80C, Home loan intrest, HRA, LTA, 80D, SD etc

So in your case if you are saving only 1.5 lakh then go for new one

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Bro Claim full hra. It doesn't need any proof. Just rent receipt which can be created online. Claim under old regime only.

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I am also in same situation. If there is no home loan or hra better new regime I guess.

Nearly 6 L

New regime.

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Additional Posts in Tax savings

Hello fishes, can we buy land/plot to save long term capital gain tax?

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Can I pay income tax challan using credit card?

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

like

I have a question regarding taxation of joining bonus.

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Hi,

Can we use 10(10AA) leave encashment as tax exemption if we separated from the Job?

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Can we show rent paying to parents if we are living with them.. Do company mandates that parents should be living in different city to qualify for such HRA exemption.

likehelpful

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Hi Fishers,

DM me if anybody want to file ITR for last year, I will help you get good refund amount for whatever tax paid or deducted from salary during the financial year.

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