{"id":23998,"date":"2023-02-05T11:59:57","date_gmt":"2023-02-05T06:29:57","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=23998"},"modified":"2023-02-22T00:19:28","modified_gmt":"2023-02-21T18:49:28","slug":"comparison-for-salaried-individual-having-salary-1-lakhs-p-m","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/comparison-for-salaried-individual-having-salary-1-lakhs-p-m\/","title":{"rendered":"Comparison for salaried individual having salary 1lakhs P.M"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e1748aca92c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e1748aca92c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/comparison-for-salaried-individual-having-salary-1-lakhs-p-m\/#Comparison_for_a_salaried_individual_having_salary_of_100000-_Per_month\" title=\"Comparison for a salaried individual having salary of 1,00,000\/- Per month\">Comparison for a salaried individual having salary of 1,00,000\/- Per month<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/comparison-for-salaried-individual-having-salary-1-lakhs-p-m\/#Comparison_for_a_salaried_individual_having_salary\" title=\"Comparison for a salaried individual having salary\">Comparison for a salaried individual having salary<\/a><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24010\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/New-Slab-Rate.jpg\" alt=\"New Slab-Rate\" width=\"886\" height=\"439\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/New-Slab-Rate.jpg 751w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/New-Slab-Rate-300x149.jpg 300w\" sizes=\"(max-width: 886px) 100vw, 886px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Comparison_for_a_salaried_individual_having_salary_of_100000-_Per_month\"><\/span><span style=\"color: #000080;\">Comparison for a salaried individual having salary of 1,00,000\/- Per month<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-size: small;\">With the Budget 2023 , Finance minister Nirmala Sitharaman Focus on inclusive development, reaching the last mile, infrastructure &amp; unleashing the potential of India\u2019s technology, investment, green growth, youth power &amp; promoting of financial sector, The Finance minister Nirmala Sitharaman announcements made will pave a long way in the development of the India economy.<\/span><\/li>\n<li>The &#8220;new income tax slab&#8221; had many changes as a consequence of Budget 2023. The basic exemption threshold was increased from Rs 2.5 lakh to Rs 3 lakh. As part of this, the tax credit under Section 87A has been increased from Rs 5 lakh to Rs 7 lakh.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24003\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Old-and-New-Tax-slab-rate-2023.png\" alt=\"Old and New Tax slab rate 2023\" width=\"863\" height=\"575\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Old-and-New-Tax-slab-rate-2023.png 645w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Old-and-New-Tax-slab-rate-2023-300x200.png 300w\" sizes=\"(max-width: 863px) 100vw, 863px\" \/><\/p>\n<ul>\n<li>The previous regime of income tax slabs has not, however, been eliminated. Given that, when paying their taxes, taxpayers can still choose among the two systems. But which is better, the existing tax system or the one with the changes being considered?<\/li>\n<li>Even with the reduced income tax rates proposed in new income tax regime, old tax regime with house rent allowance deduction, deduction for investment, housing loan interest deduction u\/s 80C etc. seems attractive.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Comparison_for_a_salaried_individual_having_salary\"><\/span><span style=\"color: #000080;\"><strong>Comparison for a salaried individual having salary<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Here is our comparison for a salaried individual having salary of 1,00,000\/- Per month<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23999\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Tax-compaerasion.jpeg\" alt=\"Tax comparisons 2023\" width=\"775\" height=\"757\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Tax-compaerasion.jpeg 775w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Tax-compaerasion-300x293.jpeg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/Tax-compaerasion-768x750.jpeg 768w\" sizes=\"(max-width: 775px) 100vw, 775px\" \/><\/p>\n<ul>\n<li>The Budget 23 revealed a variety of tax changes, thus it is critical for individuals to understand their tax obligations. Making financial decisions and keeping track of these changes is simple and effective when using an income tax calculators.<\/li>\n<li>Even though the new tax system has reduced tax rates, it also does away with a variety of deductions and exemptions. Individuals can use an income tax calculator to assess their tax obligations under the two systems and decide which is better for them.<\/li>\n<\/ul>\n<p>The &#8220;new income tax slab&#8221; had many changes as a consequence of Budget 2023. As par People are allowed to stay with the previous tax system, which provides exemptions, if they think it benefits them.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-24080\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/photo_2023-02-21_05-54-13.jpg\" alt=\"salary \" width=\"825\" height=\"1833\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/photo_2023-02-21_05-54-13.jpg 576w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/photo_2023-02-21_05-54-13-135x300.jpg 135w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/photo_2023-02-21_05-54-13-461x1024.jpg 461w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<ul>\n<li>As per the Finance minister Nirmala Sitharaman, said that Government is taking an effort to make the new tax regime, which does not provide any exemptions, adequately appealing to the general public.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24006\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/IncomeTax.jpeg\" alt=\"Income Tax 2023 taxation \" width=\"1200\" height=\"967\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/IncomeTax.jpeg 1200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/IncomeTax-300x242.jpeg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/IncomeTax-1024x825.jpeg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/IncomeTax-768x619.jpeg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/02\/IncomeTax-800x645.jpeg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><strong>Conclusion: <\/strong><\/p>\n<p>This Budget 2023 does not bring about any big significant changes in terms of personal finance for general taxpayer.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comparison for a salaried individual having salary of 1,00,000\/- Per month With the Budget 2023 , Finance minister Nirmala Sitharaman Focus on inclusive development, reaching the last mile, infrastructure &amp; unleashing the potential of India\u2019s technology, investment, green growth, youth power &amp; promoting of financial sector, The Finance minister Nirmala Sitharaman announcements made will pave &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/23998"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=23998"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/23998\/revisions"}],"predecessor-version":[{"id":24001,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/23998\/revisions\/24001"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=23998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=23998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=23998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}