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)
List down more…..
If you are in 30% bracket and have huge liquid cash, transfer it to non earning parent, will save 20% on TDS on interest
Check with your HR for tweaking your salary structure to make it tax friendly, if not done already
i tried this with my HR. Those people dont want to do anything that will increase their work load. A buffalo crossing the road might listen to people, but no these HR.
If you live in a house owner by your parents, pay rent to the non earning parent and claim HRA. Even if you pay high amount of rent, just pay a small amount of tax on behalf of the non earning parent.
Net net, you make a profit
Don’t live with parents but I’m still doing this to maximise the savings 🤓🤓
Can this still be used when you have a different residence address?
For eg, parental house is in City A and your work location is in City B with ₹20k as the rent. Can I still show ₹50k as rent in City A?
become a farmer
I was from a government school+college and don't feel too bad to pay taxes(maybe didn't understood the actual money value yet)😄
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 esp...
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?
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?
