Income tax return filling, Income Tax

[CSSwati Rawat]

Please guide while filling ITR return [salary income] what one should opt for ITR filling old or new regime?

Which format is giving more benefiting?

Thanx in Advance.

Posts / Replies

[Nishant Rathee]

You have to check which regime benefits you more. You can use the the link below to check

https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

[Ganeshan Kalyani]

If you want to claim deductions like interest paid on housing loan, PT, LTA, HRA etc. then choose old regime. In new regime most of the deductions are not allowed including those mentioned above.

[Padmanathan Kollengode]

The information is insufficient to give an answer which requires examination of various facts and circumstances.

It is most advisable to consult a tax expert and get an expert opinion. Otherwise, you may find many online calculators wherein if you give details of income and deductions, system will show which method is beneficial.