Detailed Comparison Between New Tax Regime Vs Old 2
Detailed Comparison Between New Tax Regime Vs Old 2
Detailed Comparison Between New Tax Regime Vs Old 2
PRODUCT
PRODUCT INFO
INFO CALCULATORS
CALCULATORS
Highlights:
Comparison of Di"erent Slabs: Old Tax Regime
vs New Tax Regime
Impact of Old vs New Tax Regime Slabs
Old Tax Regime or New Tax Regime: Which
Scheme is More Beneficial
Old New
Regime Annual Regime Tax
Tax Slab Income Slab
Retrenchment compensation
Up to Rs. 0 0 0 0
2,50,000
Amount Per
Particulars of Income Annum
Up to Rs. 0 0 0 0
2,50,000
Rebate Rs.
12,500
Tax 0 Rs.
payable 39,000
Reduced Taxes
The new regime pro"ers concessional tax rates.
Moreover, since it does not extend most of the
exemptions and deductions, the required
documentation is minimal simplifying your tax filing
process.
Flexibility in Investments
The existing tax regime restricts investment
opportunities due to the instruments specified for
availing tax concessions. The new regime grants
taxpayers wider choices in customising their
investment solutions.
Summing Up
The new tax system attempts to simplify the
taxation process extending more flexibility. On the
other hand, those who claim a higher volume of
exemptions may prefer continuing with the old tax
structure. Choosing the right tax regime is primarily
based on your income tax slab.
Does the old regime suit you or should you file your
taxes under the new one? This question can be
answered best if you run your taxation specifics
through an Income Tax Calculator to evaluate the
payable taxes under both regimes. Since this is a
fairly new system, it may be advisable to consult a
tax expert who can help maximise tax savings in line
with your financial goals.
DISCLAIMER:
While care is taken to update the information,
products, and services included in or available on
our website and related platforms/websites, there
may be inadvertent errors or delays in updating the
information. The material contained in this website
and on associated web pages, is for reference and
general information purposes, and the details
mentioned in the respective product/service
document shall prevail in case of any inconsistency.
Users should seek professional advice before acting
on the basis of the information contained herein.
Please take an informed decision with respect to
any product or service after going through the
relevant product/service document and applicable
terms and conditions. Neither Bajaj Housing
Finance Limited nor any of its
agents/associates/a#liates shall be liable for any
act or omission of the Users relying on the
information contained on this website and on
associated web pages. In case any inconsistencies
are observed, please click on contact information.
Trending Articles
HOME LOAN
TAX
TAX
2023-08-09 | 5 MIN
TAX
2023-08-07 | 6 MIN
Load More
Call to Apply
Refer a Friend
Go to Top
Application Forms
Online Home Loan
Home Loan
Loan Against Property
Customer Referral Program
Calculators
Company
Investor Relations
Legal
Notices & Documents
SEBI ODR Portal
Reach Us
Corporate O#ce
5th Floor, B2 Building,
Cerebrum IT Park, Kumar City,
Kalyani Nagar, Pune 411014,
Maharashtra, India
Download App
Registered O#ce
Bajaj Auto Limited Complex
Mumbai-Pune Road,
Akurdi, Pune 411035,
Maharashtra, India
Email:
[email protected]
Phone:
02245297300
URN
WEB/BHFL/23-24/1/V1
Quick
Apply
Home Call to Apply Chat & Apply Menu