Post
Salary Discussions, Hike & Promotions
2w
a senior engineer-hydraulics
What will be my tax
I have got an offer of 1750000 CTC (1600000 Fixed + 150000 variable/bonus). Which regime should I opt for after this budget session and what would be my exact tax amount, can anyone please suggest? P.S : Basic is 48% of fixed CTC
widemermaid
2w
A Senior Software Engineer
If you're investing in 80C instruments like PPF, ELSS, or paying for health insurance, the Old Regime might work better for you. Your tax could be around ₹1.65L. Without many deductions, the New Regime is simpler but higher at around ₹2.40L.
a senior engineer-hydraulics
author
2w
@widemermaid Is this after the new tax slabs introduced in this recent budget session???
a sales executive
2w
Based on your fixed and variable components, the New Regime is cleaner, but Old Regime offers more savings if you're utilizing tax exemptions like HRA and 80C.
a senior engineer-hydraulics
author
2w
@a sales executive But everyone is saying after this budget and slab updation, the New Slab is bette... see more
an assistant manager
2w
New Regime: Just pay and sleep. Old Regime: Save and cry over proofs during tax season. Choose wisely
a team lead
2w
Since your basic is 48% of your CTC, you can claim a good amount of HRA if you're paying rent. This will significantly reduce taxable income under the Old Regime.
a senior engineer-hydraulics
author
2w
@a team lead Can I save more than New regime after this budget and slab updation???
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