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Can get all the reaction guys.
Thanks in advance
Hi guys 👋🏻👋🏻
I am filling the onboarding form for my next company IBM where they have asked 2 questions:
1)Were you earlier a member of Employee's provident fund scheme, 1952?
2) Were you earlier a member of Employee's pension scheme, 1995?
All I know is PF and EPS amounts were deducted from my salary in my previous company but how to know if I am a member of these two mentioned schemes?
Thanks in advance for your inputs guys 🙌🏻
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If you have taken home loan or invested in Tax saving FDs, ELSS mutual funds then I would suggest old else go for new.
You can get online calculators to compare your tax burden in both cases.
IMO…government needs to update tax slabs. Today’s income & cost of living is very different from when it was last updated😬
You can check which ones saves you more and go based on that
Chief
Depends on TC
How about no income tax? Wasn’t it a thing of news at some point?
Chief
Thing of WhatsApp university, not actual news.
Depends on your salary slab too.
You can cross check from Ambitionbox or other in-hand salary calculators on net.
Also if you opt for new regime you cant ever switch back to old.
I remember reading so long back. Sorry for the wrong info and thank you for pointing me to the right one
As per knowledge and experience, if you are having CTC below 10 lac per annum, it would be better to opt for old tax regime. If CTC goes above that new tax regime is a good choice.
Old one is best , you can show your expensive in that but in new you can't.