Taxes 101? 40+ LPA

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

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.

Those who are earning more than 50lpa base how much tax do you end up paying? 😶‍🌫️

If you are salaried and earning 1Cr+, how are you saving on taxes? My net tax burden comes up around 40 lakh every year (and it hurts) Looking to understand if and how you are able to save on 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?

Govt of India is best at killing Middle Class. What percentage of your total CTC did you pay in tax. Income Tax department id the new Sahukar.

I’m starting my first job this month, CTC-14L I’m not sure but assuming I’ll get 80-90K in hand Considering the job is in mumbai, the rent and other expenses would be high considering it to be 40-50K (pls tell how much it should be at max) Also how much taxes will I be paying and how to save it max I really need your help, how do I start investing? Can I put all in Small cap MF, what would you advice? What should be the split between Stocks and MF, and in MF how much in which categories? Also it would be great if you can recommend the best 2-3 MF in your portfolio in each categories, and 5-10 stocks for Stock SIP for long term Thank you so much 😭

Any tax planning recommendations / tips / third party suggestions for someone earning ~25lpa ?

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.