Here's a list of 10 legit ways to reduce your tax while staying fully compliant. While it offers lower tax rates, it allows only a limited set of. While the tax payers might be attracted to the deductions/exemptions available in the old tax regime, they need to properly assess and compare new vs old tax system to.
Therefore priya can only claim 1,40,000 rupees as a deduction. Maximize tax savings with this complete guide. Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction.
A snapshot of the exemptions / deductions applicable for fy: Before choosing your regime, get clarity on tax.