Brilliant Tax Saving Ideas
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…..
If you are in 30% bracket and have huge liquid cash, transfer it to non earning parent, will save 20% on TDS on interest
Check with your HR for tweaking your salary structure to make it tax friendly, if not done already
Aaron Vernon
Stealth
9 months ago
i tried this with my HR. Those people dont want to do anything that will increase their work load.
A buffalo crossing the road might listen to people, but no these HR.
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If you live in a house owner by your parents, pay rent to the non earning parent and claim HRA. Even if you pay high amount of rent, just pay a small amount of tax on behalf of the non earning parent.
Net net, you make a profit
Don’t live with parents but I’m still doing this to maximise the savings 🤓🤓
Can this still be used when you have a different residence address?
For eg, parental house is in City A and your work location is in City B with ₹20k as the rent. Can I still show ₹50k as rent in City A?
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Kendall Lee
Stealth
9 months ago
become a farmer
I was from a government school+college and don't feel too bad to pay taxes(maybe didn't understood the actual money value yet)😄
