Peanuts 🥜 for Middle Class

Requesting assistance on choosing Rs. 1800 as PF amount or 12% of basic pay as PF. I know 12% of basic pay will also increase employer's share and it is good but any other thoughts and benefits with Rs. 1800 option? P.S. i am in 30% tax bracket

I am joining new org with 17LPA, I just got to know that my tax slab will be 30%. I never had to think about it for last 2 years because i was with 3.75LPA since 2 years when my career began. How should i start to reduce my taxable income? I watched various yt videos and spoke to some close acquaintances but im not able to understand how to proceed

I wanted to check up on the fact whether i am doing things correctly to save taxes or not and below is the details for the same. Gross Salary - 3,30,000/Month PF Contribution - 16,000/Month Income Tax - 75,175/Month Net pay - 2,38,000/Month If i can save more taxes, how should i proceed furter assuming it's my first job and I've got little zero idea about anything around personal finances and taxes.

Consider investing in NPS and taking the tax benefit (however locking money until 60 atleast) vs investing in mutual funds. Please share your thoughts if its worth the tax benefit.

Hi guys, I have around 4L cash lying around which I wanted to invest. Currently, I think I am in a position to take maximum risks, and see where things go. I also haven’t redeemed the 1.5L tax deduction on Section 80c so PPF and ELSS are open as an investment opportunity. I was worried to invest in the current equity markets. Have just put in around 6.5L into Equities in December (Split equally amongst Large, Mid, Small and Flexi Cap) Needed advice on which seems a better option: - Put 1.5L in PPF and the rest in Large Cap MFs since Large Caps haven’t peaked yet - Distribute the 4L over the next year (~33k/month) and invest it in a SIP to account for market changes - Put the entire amount into equities (1.5L ELSS, 2.5L Large Caps) Also, needed advice if it’s better to look for a Real Estate or SGBs Investment to diversify risk? (<25 yo right now so can take a property around 40-50L to test the waters) What are your views on the current market? I’m planning to continue investing a significant chunk (~50% salary) into SIPs all through. Should I reconsider?

Hello all, so I'm a student still, I'll would be joining a company soon and I want to learn about what all tax systems we have and how do I manage them, I want to do them myself in future, where do I learn and what all should I be aware of to save as much as I can? To start with, I come under 30% bracket, basic salary is about 50% of my base, HRA being 20%, PF 6% and Flexible 24%. I don't have any loans on my name and I'll have to live on rent. I'm also curious on which sections could I be saving and how.

So I am going to come in a tax slab from next month, probably will make 80k+ per month. In this case where I should invest for my future safety. As I am only male child of my parents, so it's my responsibility to earn and save so that I could bring happiness in their life. Please guide me from your personal experience and challenges that you gone through in your past.

Am I the only one who feels EPF alone takes major portion of the Rs 1.5 lakhs exemption limit under Section 80C? 😵‍💫

I'm thinking of going with the new regime and I'm really dumb with deductions. From what I've read, other than the Employer's contribution to EPF, everything falls under taxable income.