the Qs
the Qs

I am a software engineer with a CTC of 12 lakh rupees. Should I choose the old tax regime or the new tax regime?

Tax
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If your total deduction is below Rupees 1.5 lakh, the new tax regime is always better. If deductions exceed Rupees 3.75 lakh, the old regime is definitely more beneficial. For deductions between Rupees 1.5 lakh and Rupees 3.75 lakh, the optimal regime depends on your income level. For a personalized answer, use my popular old vs. new income tax regime calculator. Input your payslip figures,e expenses, and investments to get auto-calculated deductions and income from all sources. It will show the best regime for maximum tax savings. This tool is free for my tax masterclass attendees.
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the Qs

I am a software engineer with a CTC of 12 lakh rupees. Should I choose the old tax regime or the new tax regime?

If your total deduction is below Rupees 1.5 lakh, the new tax regime is always better. If deductions exceed Rupees 3.75 lakh, the old regime is definitely more beneficial. For deductions between Rupees 1.5 lakh and Rupees 3.75 lakh, the optimal regime depends on your income level. For a personalized answer, use my popular old vs. new income tax regime calculator. Input your payslip figures,e expenses, and investments to get auto-calculated deductions and income from all sources. It will show the best regime for maximum tax savings. This tool is free for my tax masterclass attendees.
Rectangle 5937

Wait..would you like to get more like this?

Join 12,000+ readers who receive our insights decoding Personal Finance twice a week, so you can make the most out of your money.
No Spam. Only Finance
No Spam. Only Finance

Recent Posts

Why IRDAI bars ULIPs from being advertised as investment product

ULIPs combine insurance and investment, but hidden charges significantly lower returns compared to mutual funds. Understand IRDAI’s new restrictions on promoting ULIPs as investment products.

Tax rates of G20 Countries and India’s Global Standing.

Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.

Index Funds

Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.

Can you explain the major changes in capital gains taxation from the Budget 2024? I’m trying to figure out how these updates will impact my investments.

How much emergency fund should I have, and where to save it? Should I keep it in a separate account or invest?

Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…

Why join Dime's
Tax Strategy Masterclass?

Comprehensive

Practical

Case Studies

This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.

Get access to in-house built powerful Old vs. New Tax regime calculator, tax handouts, and more.

Thousands have benefited you can too!

Enroll Now

2000+ People have Already Saved Taxes

Why join Dime's Tax Strategy Masterclass?

Comprehensive

Practical

Case Studies

This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.

Get access to in-house built powerful Old vs. New Tax regime calculator, tax handouts, and more.
Thousands have benefited you can too!
Enroll Now

2000+ People have already saved Taxes