I am a salaried employee and would like to know whether the old tax regime or the new tax regime is more beneficial. My annual salary is around ₹8–10 lakh, and I invest in tax-saving instruments under Section 80C. How should I compare the two regimes?
taxable income upto Rs 12 lakhs has 0 tax after rebate under new scheme. So no logic of investing in investments for tax saving purposes. Broadly, " Old Scheme" may be beneficial if deductions otherwise disallowed under new scheme aggregate to Rs. 3.5 lakhs +. Comparison of tax liability under old and new scheme for a given income are available widely on net.