How to choose the right tax regime?

Since the revisions in the New Tax Regime in this year's budget, the hype around The New Tax Regime has added to the existing confusion among salaried professionals about which regime to go for - the Old or New Tax Regime.

Here are some highlights from both tax regimes ??

You can clearly understand what each regime has to offer. To some, the New Regime might outrightly seem the better regime but first, we must answer these two questions:

1. Do you have any?investments, or insurance?ongoing, where you can?claim deductions?
2. Does your company offer you any particular?allowances/perks?as a part of your salary?

If the answer to any of the above is yes, then it is still worth considering the old tax regime.

Now let's look at the following 2 case studies to understand this better:?

Case 1

Case 2

Still not sure? ??

Don’t worry, we have a solution. Our tax regime comparison engine will provide you with the answer. ?? Compare Now

Stay tuned for more. If you like our work, help spread the word. Share it with your friends and follow us?Linkedin,?Instagram?and Twitter.

Mool is India's first tax optimization and salary personalization tool which helps employees maximize benefits from their salary package.