Suggestions to save tax ?
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.
Switch to old tax regime 😆
Earn more...
I think you can save only using NPS for New Regime.
On Old regime you can use NPS, home loan, HRA and 80C to reduce tax. New Regime is suitable for people who earn 80lpa and above.
I would love to understand this in a little detail please. How is new tax regime beneficial for 80lpa+?
Be poor
Corporate NPS
Not much. Start drug dealing
Don't earn much
You can contribute towards NPS but from an employer standpoint…it doesn’t get added to your overall income. It is under section 80 CCD2.
Pakora stand
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.
CTC - 21.5 lpa Fixed - 16 lpa Joining Bonus - 4 Relocation - 1.5
Also tell me which regime to follow and how to save tax
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...
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.