PMsaabb

How to save taxes?

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?

15mo ago
Nun
Nun
Gojek15mo

Hire a CA will help you to get refund of 15 days of salary

ElonMast
ElonMast
Amazon15mo

I will put tax savings methods in two buckets -

  1. Legal - 50k in NPS (80CCD), Interest on education loan, Housing loan interest

  2. Risky - For rent upto 1 lakh PA, you don’t need to give any PAN no. Political party donation - they give you money back in cash with 20/30% deductions.

MildUse55
MildUse55
Stealth15mo

Short answer - you can't unless you decide to show fake donations & rent.

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