Seeking tax advice for 80 LPA income

First tell me how to make 80lpa as a student?

No taxes. Just make your company go negative and pay your 8 family memebers 10 lakh each as salary

There's no way really. Given the !/$, the tax we pay is extremely disheartening but I've never heard of a legal way to circumvent it.

Many people keep suggesting that you should ask your employer to pay a company you created instead of paying you but I personally do not know anyone in India who's been able to cut such a deal. To the best of my knowledge, you'll be seen as a contractor and the perks such as esops available to employees won't be available to you. That may effectively reduce the remuneration rendering the arrangement unnecessary.

Man, can you please pay proper taxes. You are the last person who should be concerned about heavy taxes because of 2 reasons

1. Your education at IIT was subsidised by tax players (time to pay back atleast some of it)
2. You are already in top 0.1% of Indians and should contribute to make life’s of 99.9% better via taxes.

Paid 16.5 last year after taking hra, 80c and 80d deduction. All reasonable genuine deduction. If you want to save more, basically you have to start dealing with cash, you can make donations to NGO's and get back in cash after 10% commission, that's that most common way people use. Other than that you can pay your parents rent but if parents are already paying income tax, then no point..