DerpyPretzel
DerpyPretzel

Tax Exemption

I have selected old tax regime and I have declared around 1.80 Lacs of investment. Now my tax is not getting deducted in monthly salary but from the declaration I am not actually doing any investment. How should I resolve this issue.

Please guide if someone know this!

13mo ago
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WobblyDumpling
WobblyDumpling
Amazon13mo

Don't worry, You can change it to new regime during itr filing

DerpyPretzel
DerpyPretzel

I hope I can change 🤞

WobblyDumpling
WobblyDumpling
Amazon13mo

No need for hope. I know someone who did this last year. So it's allowed for sure

DizzyLlama
DizzyLlama

Invest!

DerpyPretzel
DerpyPretzel

I need cash for house expenses. Can't invest a lot of money! Is there any alternative to this?

QuirkyMochi
QuirkyMochi

Change companies and get higher paying job

DancingBanana
DancingBanana

Invest or you would need to pay tax from your account during itr filing

DerpyPretzel
DerpyPretzel

yeah, but I need cash flow so that's why I am not investing! is there any alternate to this?

DancingBanana
DancingBanana

Then change to the new regime during filing.

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