"political donations"
Downside is you'll need to spend money in cash

Software Developer

Software Engineer

I can give you some options: 
 1. Buy term insurance (this is in 80C though) 
 2. Pay your parents health insurance bill  
 3. Do NPS (Min is 50K but you can do more if it fits under your risk criteria) 
 4. Political donation (This is getting risky nowadays though, IT dept is raiding inactive parties) 
 5. Then if you have home loan/education loan you save taxes in that.

Product Manager

Outside of the standard 80C BS, is there any major way to save tax? I can’t stand a small set of people giving out so much tax to the government and so much burden on the other side without any sig...

Welcome to Personal Finance's Private Community

Outside of the standard 80C BS, is there any major way to save tax? I can’t stand a small set of people giving out so much tax to the government and so much burden on the other side without any significant social benefits. This one’s especially for the experienced ones.

Tax saving hacks

Operations Manager

Tax saving hacks- Grapevine

Welcome to Indian Startups's Private Community

Who doesn’t hate paying taxes ? Please list down some of the underrated options, hacks, workarounds, tips & tricks to save taxes. 
(Should be legally right, can be ethically wrong) 

1. exploiting 80G can be one way to save taxes (if you have good contacts) 

List down more…..

Brilliant Tax Saving Ideas

Analytics Manager

What are some underrated ways to save tax

Tax saving

Business Development Manager

Are there any legit ways to save tax once you cross that salary where saving from 80c, 80d is not of much use? I know home loan is one option but are there better ways?

How do you save tax?

How much taxes can be saved on a 40 lakhs package? I am planning to hire a CA but looking for rough estimates here. I can structure my salary in any way I want and can invest in all schemes except housing loans.

Tax Saving

Performance Marketer

It's that time of the year when you wonder why you need to pay so much taxes for the facilities and infra that you get. What are the genuine and not so genuine ways to save taxes?

Tax savings.

So this is something that I have been researching for a while, apart from very well known instruments such as-(only mentioning the ones that should be done by everyone irrespective)
* 1.5L annually through 80C
* 50k standard deduction 
* HRA claim
* Donation claims
* Insurance/Medical claims

How are you folks optimising your post tax income?
Would really like to hear it from people getting >= 24 LPA fixed, since from this point onwards a major chunk (almost 20% goes in taxes) and it really hurts.

Tax Savings for 30% slab

What are the ways to save taxes if you are earning more than 60+LPA?

For people who lie in the 30% tax bracket, how do you save taxes?

Do you suggest making a dummy rent agreement on your parents name to save HRA? 

Got to know that if monthly rent is more than 50K, the tenant has to pay TDS as well. How do you account for it?

Any suggestions on saving taxes?

How to save taxes?

Great ideas 💡 to save tax as a salaried professionals ( What are the hacks )

I am a software engineer in Bangalore having base CTC 13.8 lpa. Which brings me to a tax of more than a lakh rupees, what are the possible ways to reduce this taxed amount.

Suggestions to save tax ?

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Staff Engineer

How to pay 0 tax when income is around >= 12 LPA?

Data Scientist

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

How to save money on taxation?

so I've taken an education loan worth 20 Lakhs, 10% p.a. interest

will graduate next year (24) and wanted to know how do i maximize my tax savings due to my ed loan 

if you guys have any other ideas to save taxes apart from this, please tell in the comments, thanks!

save taxes by education loan

Quantitative Research

My friend has 53L in cash from his freelancing and other businesses. How can he save taxes on it? We don't know any CA and the ones he met said pay tax in entirety. 

Any suggestions are welcome.

PS: it's NOT a sarcastic post

Senior Product Manager

Welcome to Office Gossip's Private Community

Hey everyone, 

Thought of creating a daily post where we all can hang around and talk just about anything - without having a specific topic to discuss. 
Think of this like the Watercooler at your office. 

Look forward to hearing from y'all :)

Daily Watercooler (13th June)

The hiring scene is so bad RN man, and why tf every company I get offer to seems toxic af as per the current and ex employees. So tough to find the right ones

Founder

How do I find a CA? I tried searching grapevine but could not find any relevant post where how we can find one is mentioned..

Is it beneficial to hire a CA for salary upwards of 30LPA?
Like, can they help me save more tax than the usual 80C/NPS/Medical Insurance savings, I seem to have already maxed them out.
Also if we opt for new tax regime, can CA help in saving additional money?

Any help would be appreciated :)

Business Analyst

how much would the net monthly take home be? how can i arrive at the final number myself? pls consider the old tax regime and standard 80c deductions; i also have a student loan worth 17-18 L @10% (i think i can get some deduction on tax on it)

Tax saving hacks

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