Hello all, so I'm a student still, I'll would be joining a company soon and I want to learn about what all tax systems we have and how do I manage them, I want to do them myself in future, where do I learn and what all should I be aware of to save as much as I can?
To start with, I come under 30% bracket, basic salary is about 50% of my base, HRA being 20%, PF 6% and Flexible 24%. I don't have any loans on my name and I'll have to live on rent. I'm also curious on which sections could I be saving and how.
Some of the beginner mistakes I hope I avoided. Taking LIC/ulip in the name of tax savings. Not entering stock market soon. Not getting NPS early. If corporate NPS even better you can save upto 10% of basic as taxfree.
I have very few knowledge on Tax. So sharing my queries here. Kindly guide me
In my Aug month salary slip I got to know about this.
Annual Income - 7,92,xxx (Without std. deduction) Tot. Tax payable - 30,xxx Tax deducted till date - 1...
I wasn't doing proper ITR, I was in the family biz for the last 6 years, recently joined a startup and they don't have any proper salary composition. My current salary is 35L in hand (2.9L per month). Apart from HRA how do I save in taxe...
For people who lie in the 30% tax bracket, how do you save taxes?
Do you suggest making a dummy rent agreement on your parents name to save HRA?
Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How...
Are there any legit ways to save tax once you cross that salary where saving from 80c, 80d is not of much use? I know home loan is one option but are there better ways?
