If this is for salary then  
  
 first - did your company allowed you to take salary into a huf? 
  
 Second - if this covers income from other sources, talk with your CA pls.  
  
 Theoretically, answer to your question is yes.  
  
 My family has setup huf to consume the income from our stationary shop. 
  
 But I could not get any of my employer accept my request to send salary to my huf.

If the employer agrees then we can ask them to transfer money in HUF so that the slab rate decreases right? What’s the slab rate for HUF?

Computer Operator

Founder

If anyone has done that, can someone explain in simple terms?

Welcome to Personal Finance's Private Community

Can HUF’s help in saving taxes?

Can HUF’s help in saving taxes?- Grapevine

Has anyone tried using HUF for saving taxes on investments?
Could you share your experience and how else has it been useful to you?

HUF for saving taxes?

Product Manager

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

For High earners of India only

Software Developer

My friend has 53L in cash from his freelancing and other businesses. How can he save taxes on it? We don't know any CA and the ones he met said pay tax in entirety. 

Any suggestions are welcome.

PS: it's NOT a sarcastic post

How to save taxes?

Senior Product Manager

Outside of the standard 80C BS, is there any major way to save tax? I can’t stand a small set of people giving out so much tax to the government and so much burden on the other side without any significant social benefits. This one’s especially for the experienced ones.

Tax saving hacks

Operations Manager

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?

I'm a salaried person with about 50 L base pay + some interest income + capital gains from equity. 
I'm currently paying around 10- 11 L in income tax.

I'm following the old regime
Claiming below major deductions
Hra
80c
Nps 
Political party donation 

Need to understand are there any more creative ways to save on taxes than what I'm already using ??
Also am I paying high tax than other people in similar income range ??

How do People in high salary ranges save on taxes ??

Isn't tax also political party donation😅

Software Engineer

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Staff Engineer

Dummy Rent Agreement works?

How much do you guys generally pay in taxes with an income between 50-100 LPA in India? What are the options to save tax apart from the normal 80C, 80D, insurance, donations etc.?

Seeking tax advice for 80 LPA income

Quantitative Research

What are some underrated ways to save tax

Tax saving

Business Development Manager

How much taxes can be saved on a 40 lakhs package? I am planning to hire a CA but looking for rough estimates here. I can structure my salary in any way I want and can invest in all schemes except housing loans.

Tax Saving

Performance Marketer

Asking for a friend who is not on GV:

Hi, while submitting HRA proofs, I forgot to attach the previous rent agreement which covered the first 5 months of the year. As a result, the team has come back and only approved hra claim for the period covered in the current agreement. They are saying there is no way for us to reupload additional proofs (previous agreement) for company-level hra processing, and that we should claim these remaining hra savings while filing taxes. Has anyone done so before? What is the process? Please advise, thank you.

HRA claim while filing taxes

Investor

Are there any legit ways to save tax once you cross that salary where saving from 80c, 80d is not of much use? I know home loan is one option but are there better ways?

How do you save tax?

Welcome to Indian Startups's Private Community

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…..

Brilliant Tax Saving Ideas

Analytics Manager

Welcome to Software Engineers's Private Community

How are you guys filing the tax? What are the best methods to save tax? If you know  auditor/CA or any other groups that does the best savings plan for you, please let me know

IT Filing

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

Data Scientist

If you are salaried and earning 1Cr+, how are you saving on taxes? My net tax burden comes up around 40 lakh every year (and it hurts)

Looking to understand if and how you are able to save on taxes

Can HUF’s help in saving taxes?

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