PrancingBoba
PrancingBoba

How do you handle taxes?

Since the tax season is upon us, I wanted to check how do you folks handle tax related things?

  1. What are some tricks you use for tax saving?
  2. Do you work with a CA or handle taxes yourself?
  3. For folks having salary>30lpa- which tax regime have you chosen?
12mo ago
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PeppyBanana
PeppyBanana

Old regime. Never understood why you need a CA for salaried folks. We only have limited options to save and most of the info is already available for fee

PeppyBanana
PeppyBanana

Free*

BouncyQuokka
BouncyQuokka
EXL12mo

People be upskilling with shit tons of tech stack but don't want to upskill on tax management.
I still don't know why salaried folks go to CAs?
Pay me the money if you want to file your taxes

BubblyLlama
BubblyLlama
  1. Old regime
SwirlyTaco
SwirlyTaco
PayTM12mo

How??? How much are you claiming under HRA??

SwirlyTaco
SwirlyTaco
PayTM12mo

I'm barely making a difference with old regime here at just 20LPA :/

DizzyMarshmallow
DizzyMarshmallow

I've been doing my taxes for 5 years. However I'm willing to go to a ca if they help me discover some new ways of tax saving which I'm not utilising rn. Do you think cas can be effective in that ?? Has anyone with a high tax liability able to reduce it coz of a ca ???

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