AlertDozen
AlertDozen

For High earners of India only

Hate seeing so much of money go into taxes to this so called goverment. How are ya'll budgeting to save on taxes

8mo ago
absgibson
absgibson

My friends make donations to political parties via hawala or agencies and they take a 6-8% cut and return the money in cash thereby making the black money of political parties white and in return saving 22-28% in taxes because donations are fully exempted under 80GGC in the old regime.

elontusk
elontusk

How do I get in on this scheme

Tomboy
Tomboy
MPL7mo

Following

NewLevel
NewLevel

I save money by donating to the trust fund that my dad and I own.

AlertDozen
AlertDozen

how does that work

NewLevel
NewLevel

it will only work if making 3cr+ in total

HallowedBird27
HallowedBird27
Student7mo

Open a demat account as HUF (Hindu United Family) - applicable, of course, as the name suggests to only one religion. You get a lot of tax exemptions there.

DeadAffair8
DeadAffair8
TCS7mo

😳😳

Qwerty2398
Qwerty2398

People buy overpriced apartments for 2lakh deduction.

RealOldmonk
RealOldmonk

You can’t

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