I'm thinking of going with the new regime and I'm really dumb with deductions.
From what I've read, other than the Employer's contribution to EPF, everything falls under taxable income.
You will get standard deduction of 50k. Also check with your employer for NPS scheme. Employer contribution to NPS up to 10% of basic salary is exempt without limit.
How did you negotiate such high %age of front loading (signing bonus)?
They just gave it to everyone without asking lol
There is app called myTaxIndia, just put all your details in that and it'll generate your tax, also you'll get info about how to save tax and which regime is good for you.
Around 1.05 Lakh
Which company???
If you don’t have any House Rent / Loan exemption to claim - it’s ok to go with new regime.
It’s so painful to see the amount of money I end up paying on the name of tax. Presently doing - 1.5L of LIC and pf + 50k NPS + HRA. What else can be done? My CTC is 55LPA.
I have very few knowledge on Tax. So sharing my queries here. Kindly guide me
In my Aug month salary slip I got to know about this.
Annual Income - 7,92,xxx (Without std. deduction) Tot. Tax payable - 30,xxx Tax deducted till date - 1...
Hi Guys please help me with calculating inhand salary post tax deduction
how much would the net monthly take home be? how can i arrive at the final number myself? pls consider the old tax regime and standard 80c deductions; i also have a student loan worth 17-18 L @10% (i think i can get some deduction on tax...
