Income Tax Season: How to save tax under new regime

ZeeBiz Web Desk ZeeBiz Web Desk ZeeBiz Desk Jul 10,2024

There are two tax regimes: The Old Tax regime and The New Tax Regime.

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The new tax regime

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Old vs new tax regime

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Tax slab under new tax regime

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Deductions under the new tax regime

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Deductions under the new tax regime

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Under this, you will get a rebate on the investment made by your employer in NPS. Employees of private companies can invest up to 10 per cent of their basic salary in NPS. Whereas if you are a government employee then this figure can be up to 14 per cent for you.