99bytes

Need help choosing a CA to save taxes

I am salaried & have opted for new tax regime. I have zero liability (no EMIs, etc). Closed both my home loan & car loan. I live in my own house.

My yearly tax comes out to be around 12 Lakhs. I want to know if there is a scope to save taxes continuing with zero liability. I would not mind appointing a CA but I have no idea how to choose the best CA.

How much does a CA charge annually?
Is it really worthwhile to have a CA given the above?
What are some questions I must ask the prospective CAs so that I can assess their capability?
Salaried people that have already appointed a CA can share their experiences.
Is there any off-the-shelf ideas I can get here to save taxes?

17mo ago

ElonTusk

Startup17mo

12Ls in taxes wow! Don't you feel sad paying so much tax?

I pay less than 10% tax on my salary and I'm way higher in the 30% tax bracket.

Bro pay me 1L, I'll save you lots of tax.

Rodriguez

Stealth17mo

How is this possible? Can you share a connect option?

potatomato

Fintech Startup17mo

knock knock Tax department open up

Tempo

Google17mo

It's not worth appointing a CA if you are a salaried employee. There are very few avenues to save taxes and you can learn them on your own.

99bytes

Stealth17mo

Thank you. Appreciate your comments here.

Rodriguez

Stealth17mo

+1 for everything above except staying at own home.

BareLog99

Amazon17mo

Usually there are very limited or no options to save tax if you have opted for new tax regime. So ideally its better if you keep it the way it is. Ideally the CA would help you in filling in your ITR and giving some investment tips for you. New regime is already simple and i don’t think would need a CA

99bytes

Stealth17mo

Thank you. Appreciate your comments here.

Bereal

Stealth17mo

There are many ideas, some straightforward some a little bent. Depends how you want to do it. Consult with a CA first instead of hiring one.
Please note that any off the shelf idea will get you have a lot of cash in hand out of your bank account.

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