Shifting to new tax regime could save Hyderabad techie Rs.62,000 in tax

Hyderabad-based software professional will get a higher basic exemption of Rs.3 lakh (Rs.2.5 lakh in old regime) and standard deduction of Rs.75,000 (Rs.50,000 in old regime). He will also get a higher deduction for NPS contributions through his employer. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.