BubblyWaffle
BubblyWaffle

Tax and creativity

With tax filing deadline approaching soon, I wanted to know how are people saving taxes and what are the best things to ask while joining a company to avoid tax. These are few things I have heard, in case anyone has done this please enlighten.

  1. Join full time but be a on-paper Consultant and get taxed at 10%
  2. Ask for higher component of HRA
  3. Ask for higher amount on books and periodicals (how does this help)
  4. Political party play (Though this is evasion I belive) 😅

Any ideas with approximate amount you can save? Or any risky tax saving which worked out?

12mo ago
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