What's the best way to avoid paying so much tax
ππ joined a full time job and this is what happened
BiryaniEnthu
Stealth
3 months ago
Kuch nhi bolungi, vivad ho jayega π€
BiryaniEnthu
Stealth
3 months ago
It definitely is. People make that much in a year *cries in TCS, Infy*
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samosa
Stealth
3 months ago
reduce salary
FindingHorses
Stealth
3 months ago
Haha or switch to being a consultant
Move to a no tax country like Middle East (UAE, Bahrain, Oman, Qatar, Kuwait, Saudi Arabia) or Monaco in Europe.
Dubai is a emerging tech and finance hub for Asia after Singapore with 0% tax.
HeftySpy78
Stealth
3 months ago
Yeah, bruh is trying to save 3L in taxes and they should move to Monaco for this. Nice.
HeftySpy78
Stealth
3 months ago
As if moving to Monaco was just this easy huh ?
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SteveRogers
Stealth
3 months ago
Ye monthly salary haiπ«
Insert Bassi: Ye 1 Janam ke hai....
@FindingHorses So your Base is 50LPA ? Seems like your are junior, right? A senior guy wouldn't have asked like this, imo. π€
What role,level,YoE,Company are you at?
FindingHorses
Stealth
3 months ago
I know they wouldn't my question was whther there was a way to get rid of being taxed on joining bonus but their isn't unless I am a consultant.
Share your earnings with me. You'll have to pay less tax because my tax bracket is very low ππ
Thats due to hefty joining bonus. Considering, you are not going get joining bonus and reimbursement every month, and you have utilized your all applicable tax section fully, your tax would be around 1-1.1L monthly which is close to 24% and thatβs what people usually pay at this salary bracket.
FindingHorses
Stealth
3 months ago
In tech ai company
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dinobot
Stealth
3 months ago
Leave the country. Not worth it to pay taxes here.
MadLadBP
Stealth
3 months ago
I don't earn so much as mentioned in post. But how to leave this country?
Bhai mereko itna per month mile toh main toh khush ho jaaon. Investment chalu kar Doon acchi waali
FindingHorses
Stealth
3 months ago
Already invest 90% of my income that's a good thing :)
FindingHorses
Stealth
3 months ago
What is that?
Jitna aap log monthly tax bhar rhe ho utna toh yearly income nhi hai yaha par bhai
sleep
Stealth
3 months ago
Tell the name of the company. π
My annual tax has surpassed the package of senior director of my 1st company, lol.
I see no pf component here. Is it optional ? See if you can opt epf, nps, super annuity etc.
Also not sure if you are taking hra benefits.
KhattaAngoorrr
Stealth
3 months ago
You can't. We're in the same boat
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