Old Tax Regime vs New Tax Regime: Which one Saves More Tax after Budget 2024?

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With recent updates from the Finance Minister in her Budget 2024 Speech offering more incentives to switch from the Old Tax Regime to the New Tax regime, it becomes essential to know which Income Tax Regime will save you more taxes at your current Income Levels.

So, the answer lies in one key number--- Total Deductions that you can claim, which can help you decide between the Old and the New Tax Regime.

Watch the video for Details.

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If a retired person's total earning is about 8-9 Lakhs by selling old ELSS Mutual funds(controbuting 85-90% of this earning) & bank FDs(contributing 10-15%).
In such case, can he opt for new tax regime of no tax liability upto 7.75 lakh & pay 12.5% LTCG on balance amount of about 1.0-1.5 lakh over 7.75 lakh ?
Please confirm, Thank-you

chaand
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Ola regime.. not sure if our fianace manager manages home finances .. she is managing countries finances

nirjharpaul
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U should include NPS also . Please include 👍

abhinabapaul
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Home loan interest se acha hota HRA and NPS k sath example bnate toh better rehta as most of the people claim these

skgdaredevil
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Thank you for this important information

KhabardarHoshiar
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Its better to provide excel calculator

muralikp
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मैडम जी जयसियाराम कभी कभी Hindi बोल diya karen

krishnakpandey