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.
Jack3d
New to old tax scheme?
Hey folks, I opted for the new tax regime when my CTC hardly touched the tax bracket. Now I earn 22LPA and my heart almost collapes after seeing the tax paid. 2 ques: -Is it possible to move to the old scheme to save taxes?
- Given my salary, what are the best avenues to save tax? Thanks 🙏
13mo ago
RealMichaelScott
Dunder Mifflin13mo
I don't know exactly how you are planning to save taxes in the old regime, but yes you can move to old regime at the time of filing taxes. But again, you can switch to old from new only once and then you can't switch ever.
Jack3d
Unicorn13mo
I live on rent and have an ongoing home loan for an under development property. Will that help?
RealMichaelScott
Dunder Mifflin13mo
I am in no position to answer this question, and would advise you to talk to a tax consultant. They can help better.
ProteinPancakes
Dream 1113mo
Old scheme is best. New is a scam.
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Curated from across
So if I'm willing to invest most of my salary in tax saving instruments, which tax regime to opt?
My research tells me old as my salary isn't a lot more than the 7 lakh tax slab, but my friend says new is better? Help
Need financial suggestions on tax saving
I am having 21LPA package and I want to save taxes on the new tax regime. Please suggest
Old vs New tax regime
For a salaried employee ranging from 10 lpa to 17 lpa, which tax regime would you suggest for? Old vs. New?