URGENT!!

My new employer is asking me to select between new/old tax regime.

I've no idea which would be better and how
Can someone please give some idea .

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Bro..the calculation is simple. If you want to invest in tax saving schemes ppf, elss etc. Insurance premiums, and nps for your future.. the old regime will always beat the new one.
Use the new regime. Only and only if you intend to have more money in hand, and i dont see the reason you should opt for new regime..

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Correct so old regime saves more for future which is required since india does not have a social security scheme

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If you need to save tax and get your investment back choose old regime else if you do not want to go for any savings then select new regime. Dm me for more details

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Go with old regime, you'll have more options to save on taxes. But do your calculations too

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Select old tax regime. Even idk the intricacies but that's what I've been asked to do cuz i can save up more

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If you have home loan select old else go for new one.. but calcuate your taxes over income tax website first

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Dm me if anyone needs to know which regime is better for whom.

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if you have package of upto15l can opt for either but above that new will be preffered

if you follow law I think opt for old one as your taxable income will get benefit of80c,80ccd,80dupto475000income will be reduced so will be tax out go

Goto cleartax or quicko and use tax calculator it will calculate for your. And show you which one is better

You can change it while filing your taxes, if it is mandatory to choose, I will suggest go in for Old regime

If his salary package falls within 15LPA and he has more no. Of investments options (PPF, Home loan, donation, education loan), then go with Olde regime.
On the other hand, if he has not many investments, better go with New one.

This app give you more insights on comparison
https://play.google.com/store/apps/details?id=com.quintetsolutions

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