Query on Rent to Parents

CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.

I just started my first full time job and will be filing ITR for 1st time next year, no one in my family has been in high tax slab previously so not much experience from there :D Some questions: - Almost 50% of my base pay is getting used in paying EMIs (Mostly mortgage) of my family, nothing is on my name, all on father's name, is there a way to claim this in deduction ? - We have our own house in a tier 3 city and I'm getting 30k/month as HRA, what will be safe HRA amount to claim ? - Can we claim any other expenses in deduction ? Leave travel allowance seems useless to me as I'm working remotely. - Which tax regime do you prefer ? New or old ? I could have done investments to save taxes but nothing is left after all the expenses and nothing on my name 😛

I recently started my job(2023 grad), a lot of senior folks at my firm are (indirectly) stating that they fake hra. Is it safe? Should I also consider doing it? Let's say I live in city A and my parent live in city B can I give my parents id as landlord?

My PG rent is 11x the amount, but the HRA allotted to me from the company side is 17x, if I show 17x in papers, would it cause any trouble to the PG owner, I heard they would get notice. Is it okay to do so, please help here.

Who doesn’t hate paying taxes ? Please list down some of the underrated options, hacks, workarounds, tips & tricks to save taxes. (Should be legally right, can be ethically wrong) 1. exploiting 80G can be one way to save taxes (if you have good contacts) List down more…..

I am joining new org with 17LPA, I just got to know that my tax slab will be 30%. I never had to think about it for last 2 years because i was with 3.75LPA since 2 years when my career began. How should i start to reduce my taxable income? I watched various yt videos and spoke to some close acquaintances but im not able to understand how to proceed

Hi people, tax season is here, I need help with HRA rules. Hi , I need your help in understanding HRA for tax calculations. As per old regime, HRA is calculated as minimum of: a. Actual HRA received b. 50% or 40 % of basic C. Actual rent paid -10% of basic My question is why isn't complete rent paid annually is not considered as tax exempted regardless of any clauses? The entire rent I pay is an outgo for me and income for the landlord. If I calculate using above 3 conditions , my exempted tax amount will always be lesser than the actual rent I paid in a year. So why total annual rent paid is not considered exempted? It's like I am paying 100rs for something but getting tax benefit only on 70rs. Is there something that I can do about it?

Folks,just wanted to know if I can pay rent to my father in law,claim HRA exemption and then receive the amount back from him as gift. I hope this is legal and not bound to scrutiny