Earning 15 LPA? Here's how much you can save in taxes in new and old regime
New Delhi, June 24 -- For years, a salaried employee earning Rs.15 lakh a year had a straightforward tax strategy. Maximise Section 80C investments, buy health insurance, contribute to the National Pension System (NPS), claim House Rent Allowance (HRA) and, where applicable, use home loan deductions to reduce taxable income.
But the government's push towards the new tax regime has altered that equation.
The revamped tax slabs announced in Budget 2025, coupled with a higher standard deduction of Rs.75,000 and a Rs.4 lakh basic exemption limit, have made the new regime significantly more attractive for middle-income earners. As a result, many taxpayers are discovering that they can pay less tax without investing a single rupee in traditio...
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