Party donations for tax benefits.

Hate seeing so much of money go into taxes to this so called goverment. How are ya'll budgeting to save on taxes

Hi everyone just want to know does donation thing worked for u in saving tax especially to current running govt ? Recently heard people are being asked regarding the same ? I dont hv to worry about this now but will hv to in upcoming yrs .

You can buy electoral bonds and pay No income tax as salary man, just donate your bond money to RUPP Regional Unrecognised Political Parties. Since 100 percent political party donation is tax free, no tax for donated money. They will return your money with a small cut and viola. No tax. What are your thoughts on this? 🌝🌚

So this is something that I have been researching for a while, apart from very well known instruments such as-(only mentioning the ones that should be done by everyone irrespective) * 1.5L annually through 80C * 50k standard deduction * HRA claim * Donation claims * Insurance/Medical claims How are you folks optimising your post tax income? Would really like to hear it from people getting >= 24 LPA fixed, since from this point onwards a major chunk (almost 20% goes in taxes) and it really hurts.

How to pay 0 tax when income is around >= 12 LPA?

Govt of India is best at killing Middle Class. What percentage of your total CTC did you pay in tax. Income Tax department id the new Sahukar.

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 do you account for it? Any suggestions on saving taxes?

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