The Old Tax and the New Tag Regime is the most talked topic in India right now amongst the Income Tax paying individual. In India there are two tax regime which you can choose, the new one is for people who don't have any investment and other things which will give more cash to their hand whereas Old tax regime is for people who invests heavily and save tax.
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In the last budget session, the next tax had been made more lucrative and that's why a lot of people try to fund out which tax regime to choose from. Now the problem is people are confused whether to go for new tax regime or stay in the old regime. And that's why people usually search for calculators to see which can save them more money.
This is just the question of whether you need more cash in hand now to save or should you save more now and get less cash in hand. There are numerous permutation and combination is available in the market to decide which one to choose from. For me the equation is simple, I will paste all the investment till now and find out which one to go for.
And the suggestion is coming as New Tax Regime for me and this in the current state it can save me around 2K per month which is a great thing. The thing is I can get some forge medical bills or the rental agreement to keep the tax low but I think it is not the worth the effort. Even after doing all this I will save 1k to 2k per month and thus have a constant fear of getting caught.
So the best thing as of now to do is to go for Nex Tax Regime for me and do not worry about anything else.
