Which Tax Regime is Better for Rs 12 Lakh Salary
Which Tax Regime is Better for Rs 12 Lakh Salary
Apr 12, 2023
Rajeev Kumar
For an annual Salary Income of Rs 12 lakh, read on to find out which tax regime is better.
For an annual Salary Income of Rs 12 lakh, read on to find out which tax regime is better.
The answer to this question of which regime is better for Rs 12 lakh income depends on how much tax deductions you are eligible for.
The answer to this question of which regime is better for Rs 12 lakh income depends on how much tax deductions you are eligible for.
If your tax-saving investments or spends is above Rs 3,12,500 then the old tax regime will be better for you, according to a calculation by Clear.
If your tax-saving investments or spends is above Rs 3,12,500 then the old tax regime will be better for you, according to a calculation by Clear.
If your tax-saving investments or spends are less than Rs 3,12,500 then New Tax Regime will be better for you.
If your tax-saving investments or spends are less than Rs 3,12,500 then New Tax Regime will be better for you.
All salaried employees have to intimate their employers about the choice of their tax regime this month.
All salaried employees have to intimate their employers about the choice of their tax regime this month.
To make the best decision, you should also use the Income Tax calculator in the below link.
To make the best decision, you should also use the Income Tax calculator in the below link.
Tax Calculator