Earning above Rs 15 lakh? This much deduction will always save you more money in the old tax regime

As your income goes up, there are fewer avenues left to save tax that is proportional to the rise in income. While the new tax regime hardly offers any deduction, you have plenty of deduction options under the old tax regime to bring down your taxable income and pay lower tax. If you can claim enough deductions you will be better off with old tax regime.

from Tax-Wealth-Economic Times https://ift.tt/rLOxPIJ