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.
I save money by donating to the trust fund that my dad and I own.
how does that work
it will only work if making 3cr+ in total
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.
😳😳
People buy overpriced apartments for 2lakh deduction.
You can’t
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 ...
Isn't tax also political party donation😅
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
Whenever I read foreign media outlets, India is the new Asian Tiger that will outpace most emerging economies in growth. But Indian media and Indian people act like India is the worst place to be.
The dichotomy is extremely confusing....
Lack of opportunities, too much competition and no support from government (unless you know someone who knows someone...
