Need advice on tax refund
Hello I have my tds of Rs 30,000 and now due to savings bank account some interest, I see an extra amount of Rs 1k to 2k in my final tax menu under new Tax regime. Is there any way to get refund or get less tax computed using new tax or even old tax regime.
Note: I don't do any investment or anything like that. How to save taxes. Will old tax regime help then? I have only PF to show in old tax regime and nothing else. Do we have any deduction available in new tax regime to help me? I don't do NPS.
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
If your PF contribution is small you can take the new regime but if the PF contribution is big like upto 1.5L please choose old regime
You see bruh, the income on your savings bank interest is fully taxable in New tax regime..but in the old regime you will get 80 TTA savings interest deduction... So do the old regime, for slightly decrease the tax and check 26AS/AIS for the more info on your various source of your income and consult with your CA for the elaborated explanation...