If anyone needs to save tax take the lic policy at a discounted rate. Aur needs any financial advice for investment in Mutual funds, Stocks, and other instruments, feel free to connect with me.

Welcome to IT Company Discussion's Private Community

Save tax or financial advice

Tech Lead

Save tax or financial advice- Grapevine

Welcome to Personal Finance's Private Community

Need an advice on which lic policy to buy as a 24 y old. For the investment purpose. 
Is lic policy really a good investment product?

LIC policy

Software Engineer

Welcome to Indian Startups's Private Community

If anyone needs to save tax take the LIC policy at a discounted price.

Save tax

Got an offer, I calculated the tax and it will be around 3L ( currently it was around 1.5L) it's crazy, I don't want to pay 25k each month as tax.
My Gross will be around: 22L
I'm 24, I don't have any health insurance other than the company provided one, no home/education loan.
Please suggest how I can reduce tax.
(I have already included max 80c, NPS, HRA in my calculation)

Need Suggestion for saving TAX

I have 20+ lakhs in bank account. My bank contact agent is telling me to invest these in a less risk mutual fund rather than in fds . What are your views on it? Is it the right path to go as that would help me save tax.

Investment advice

Security Engineer

Before people jump into validation mode, I thought let’s do something ulta (opposite)🙃

Pick one of your worst investment mistakes (it can be a stock, RE, ULIP, relationx blah blah) 

My inputs - During 2021/22 real estate boom, I picked a real estate stonk (india bulls) as I thought it’s a growing sector and company will become beneficiary after all the sins they have committed in past. Bam! Over next 5 months stock crashed ~50% 🥲

FriYaY is Investment day on GV!

Product Manager

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.

How to invest and save taxes

Test Engineer

Hi, I wanted to take community's advice on tax saving suggestions to opt for and plan my investments. This is what I have:

CTC: 21L ( 19L Fixed , 2L variable pay  in CTC )

80C is covered, Currently I have 50L home loans. & Staying in rented house with 16k rent, Paying around 20k+ TDS. Where can I save? 

Plan me with total take home per month & tax regime to opt ?

Tax planning & suggestion in reduction of tax

System Administrator

I'm a fresh grad who started his job. Can someone suggest how can I start with my investments. Like where to study and how to proceed. I'm too confused about everyone talking about financials and I don't understand at all (I'm from a non financial background).

Any advice will be very helpful.

Thanks in advance

Advice on personal finance

Data Scientist

What will be the best way to Invest Rs 25 Lacs to get around 10% Annual Returns with Minimum Tax Liability.

Need Investment Advice for Someone I know

Analytics Manager

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

1 year in first job, please help me assess and improve

Are there any tax benifits/ loss while working for a remote company while staying in India?

I'm told that the pay would be a bank - wire transfer every month or it could be a payoneer.

Are there any specific questions should i ask to get more clarity on this?

If you have any resource, please paste the link below ...

Getting paid in usd in India

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.

New to Tax

Hi, I have recently graduated and now I'm going to start my career as a software developer. Can you suggest me with resources  for managing finances along with taxes and how to do investments or guide me how I can manage my expenses by giving some tips?
 
My base is around 14Lpa. 
My rent is around 25kpm. And monthly necessary expenditure of around 15kpm.
I am not that well-versed with taxes also. I'm learning about them. Currently I invest 3k in MF every month.
I would like to your suggestions and advises for the same.

Personal Finance Tips for fresher

Congratulations - you're off to a great start! Thats a tidy income to start off with. 
  
 My advise, cut out all the noise and random friendly advise from all and sundry and keep it really really simple till you hit a 50L investment corpus. 
  
 0. Buy a Term Insurance (vanilla, no riders) for 2 Cr. Annual Premium. Till 65 years of age.  
 0. Buy a Health Insurance cover for 10L.  Annual Premium. 
 0. If your parents aren't insured, buy a family floater cover for them now.  15L. Annual Premium.  This may become impossible as they age. 
 1. Start a monthly SIP in a single Nifty50 Index Fund (UTI : HDFC / ICICI / Nippon / doesn't matter).  From your data I'd say put in ~40K per month. 
 2. Start a PPF account and maximise annual investment - 1.5L pa.  
 3.  Invest all bonuses / increase in salary in the same Index Fund.   
  
 Watch the magic of compounding begin.  You'll see the impact of laying this foundation only post 20 yrs.  
  
 If your salary (and as a result your SIP) doesn't change, you should hit 50L in ~7 years.  Faster if you get good salary hikes and appraisals. 
  
 When you hit 50L, diversify into other asset classes (SGB + Flexicap MF + Real Estate for own use).  Do not create clutter by adding MFs and complicate life.  Keep investments simple as you scale: 
  
 30% - Index Fund 
 30% - Flexicap 
 20% - Gold (demat) 
 20% - Debt (EPF/PPF) 
  
 Rebalance asset allocation annually. 
  
 Never invest or choose instruments for tax planning. Tax optimisation leads to suboptimal instrument choices with your money (Insurance / Debt / etc). 
  
 Suggested Reading: Let's Talk Money, Monika Halan.  Easiest book to understand and follow.  
  
 Good luck!

Sales Manager

It's been close to a year since I am earning a salary and this is what I do:
1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)

2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.

3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.

4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)

Tips from experienced folks will be much appreciated.😄

How do you invest your salary?

Backend Engineer

Guys need some advice. 
Is the LIC Money Back Plan good for investment?

LIC Money Back Plan

I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest

Need financial suggestions on tax saving

Senior Consultant

I recently bought a home by selling some mutual funds + bank loan. 

I still have some mutual funds left and I was wondering if I could reduce my tax liability on capital gains by selling and re buying mutual funds. 

Anyone who has done this? Or anyone who has a good CA who can advise on tax consultation?

Thanks in advance :)

Tax advice

Program Manager

Hello community,
I have 5 YOE 
Current CTC: 25 Lpa
Working with MNC in bangalore, unmarried 
Apart from this i have 7Lkhs of Auto loan left which was of 4 years, I don’t wish to prepay that. 

Do you have any suggestions if I want to quit job market in coming 10 years and do something of my own or attempt something remote coz I don’t see myself in bangalore in coming years.

How am I doing till now?

Software Developer

To a relatively new adult, what financial advice(s) would you give on how to and where to invest my money?

Save tax or financial advice

Discover More

Personal Finance on

by Anise Taye

Startup

LIC policy

Indian Startups on

by Dezi Denver

HCL

Save tax

Personal Finance on

by Coy Olive

Infineon Technologies

Need Suggestion for saving TAX

Personal Finance on

by Isaiah Carmden

Stealth

Investment advice

Personal Finance on

by Matilda Hyrum

Amazon

FriYaY is Investment day on GV!

Personal Finance on

by Karilyn Carmden

Infosys

How to invest and save taxes

IT Company Discussion on

by Matilda Everett

TCS

Tax planning & suggestion in reduction of tax

Personal Finance on

by Aaron Gabriel

Stealth

Advice on personal finance

Personal Finance on

by Blair Lee

Stealth

Need Investment Advice for Someone I know

Personal Finance on

by Aaron Olive

Stealth

1 year in first job, please help me assess and improve

Personal Finance on

by Jordon Lee

Stealth

Getting paid in usd in India

Personal Finance on

by Anise Lee

Student

New to Tax

Personal Finance on

by Karilyn Carmden

Unnamed

Personal Finance Tips for fresher

Personal Finance on

by Jordon Gabriel

Stealth

How do you invest your salary?

Personal Finance on

by Aaron Dean

Stealth

LIC Money Back Plan

Personal Finance on

by Kendall Lee

Capgemini

Need financial suggestions on tax saving

Personal Finance on

by Kendall Lee

PhonePe

Tax advice

Personal Finance on

by Anise Hyrum

Goldman Sachs

How am I doing till now?

Personal Finance on

by Anise Carmden

Oracle

Looking for some Financial advice