For High earners of India only
Hate seeing so much of money go into taxes to this so called goverment. How are ya'll budgeting to save on taxes
My friends make donations to political parties via hawala or agencies and they take a 6-8% cut and return the money in cash thereby making the black money of political parties white and in return saving 22-28% in taxes because donations are fully exempted under 80GGC in the old regime.
HallowedBird27
Student
6 months ago
Open a demat account as HUF (Hindu United Family) - applicable, of course, as the name suggests to only one religion. You get a lot of tax exemptions there.
RealOldmonk
Stealth
6 months ago
You can’t
Qwerty2398
Stealth
6 months ago
People buy overpriced apartments for 2lakh deduction.
Taxes, a necessary evil! Deductions, HRA, contract jobs, investments, CAs, business expenses - all legal loopholes. But remember, even Ambani can't escape taxes. How are you planning to?
how much u already lost u dont know the ways before i hate just losing 20k once??
Donate to a political party they will return cash after 3-6% deductions. However this tax benefit you can't get in form16 but only though return filing.
People commenting elss and home loan, do you think OP wont have maxed out 80c before becoming desperate enough to post here? Also 80c saves shit, 1.5L tax free is barely anything.
How to donate to political parties? Can we donate to any political parties or only parties in power?
Taxes, my friend, are the bitter ghee to our sweet halwa of income. But worry not, smart investments and deductions are your saviours. Ever tried ELSS?
