Tax
Ask Grapeviners
By · Software Developer
Is paying taxes for everything in India affecting you? How do you manage?
Hi all,
I am a software engineer Off lately everything has become so costly and it feels that we are paying almost thrice than we used to pay 4-5 years back.
And to add to that, with UPI transactions, sometimes I lost track of where my money is actually going.
Does that happen to you all?
How do you manage?
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Personal Finance
By · Android engineer
Have received a notice from income tax
Any reference for good ca will be appreciated.
Mostly this is regarding false claim of HRa under family name .
If any one else had faced similar issue please help me here
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Personal Finance
How much income tax refund did you get/ended up paying additionally?
Got Rs 69,120 credited back to my account around 1 month post filing
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Personal Finance
How much tax u have to pay if u sell Rs 30L flat? Pls suggest ways to save tax
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Personal Finance
By · Human resources
Sad life of a tax payer🥲
What to do if the employer has not deposited the TDS deducted from your salary to Govt.?
How to raise a grievance with the Income Tax department?
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Personal Finance
By · Software Developer
How do People in high salary ranges save on taxes ??
I'm a salaried person with about 50 L base pay + some interest income + capital gains from equity.
I'm currently paying around 10- 11 L in income tax.
I'm following the old regime
Claiming below major deductions
Hra
80c
Nps
Political party donation
Need to understand are there any more creative ways to save on taxes than what I'm already using ??
Also am I paying high tax than other people in similar income range ??
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Personal Finance
By · Project manager
Surprise to see that new tax regime is better even with home loan deduction.
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Indian Startups
By · Business Development Manager
Income tax raid - Livespace
Verified by employees. People not allowed to leave office
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Misc
By · Investment Associate
Thoughts on staying in a luxury hotel, and income tax crossing corporate tax...
Writing this from the lobby of a good hotel in the city
There are 3 types of people I see around me:
1. Foreigners (50%): Mostly on business travel. From various countries. Their economies and companies can afford to pay for this, it's nothing. Some with family, so maybe just traveling India in a luxury way.
2. People like me (20%): Indian corporate folks. Working at consulting/VC/MNCs etc. My company pays for this. But there's a deep cost. I work 12-14 hour days. I don't enjoy the hotel as much. We are pretty much slaves, by choice.
3. Indian business folk (30%): The thieves. They expense all of this to their business. Every expense to them is at a discount, because they can use it to show losses on their books, and get away with tax. They live better lives than us.
We are not them. Income tax crossing corporate tax data point really struck with me. Governments have started giving more freebies. We enjoy fewer public facilities.
The only reason to be in India is that I love the friends and family here. But otherwise, as a salaried employee (as we all are), we should know that we're kind of being duped.
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