ilmscore | Prediction Details
"post the budget 2025 what is that new number that's new number is almost double that's around 7 lakh rupees so if your income is 12 lakh and the all the deduction and exemption which is your LTA your H your ATC ATD deduction like we just spoke if it's 7 lakh it's a break even so you need now more than 7 lakh rupees of deduction and exemption for you to be beneficial under the old reg"
By Finance With Sharan | February 2, 2025 | Pending
From video
Budget 2025 Simplified: How Will It Impact You? Experts Break It Down 00:24:53 - 00:25:18
Interpreted Prediction
The break-even point for choosing between the old and new tax regimes has shifted. For an income of INR 12 lakh, individuals now need over INR 7 lakh in deductions and exemptions to benefit from the old regime; otherwise, the new regime is more advantageous.

Prediction Details

Topic
Old vs. New Tax Regime Break-even Point

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