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!

17mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
WobblyDumpling
WobblyDumpling
Amazon17mo

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

DerpyPretzel
DerpyPretzel

I hope I can change 🤞

WobblyDumpling
WobblyDumpling
Amazon17mo

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

DizzyLlama
DizzyLlama
Atlys17mo

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
Amazon17mo

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
Amazon17mo

Then change to the new regime during filing.

Discover more
Curated from across
Personal Finance
by BouncyHamsterTCS

TAX save guidance

My annual income is 8L.

I'm investing in somewhere where I can't show this to IT department.

I don't have any loans or anything.

And as per new tax regime around 30k is going to deduct for this year for Tax.

Can anyone help me from ...

Personal Finance
by GoofyBurritoGrowth Manager

Income tax cut for bonus

I got salary of 250000 in April which includes bonus + leave encashment around 90k, for which there was a 50k income tax cut for this month. HR said since bonus was more, they had to deduct 50k. Is this how it is usually done? Is that am...

Personal Finance
by WigglyRaccoonStudent

will I get itr refund?

my new company is asking for investment proofs for tax now only, I'm yet to invest in elss. If I don't provide the proofs I'll be paying more tax but I invest in elss in between Jan to Mar, I can show this while filing and claim a refund...

IT Company Discussion
by MagicalWaffleTCS

Tax deduction

My current package is 8.7 lpa including 5% variable pay. I want to know how much tax will be deducted from my salary and according to you which tax regime should I choose??. I have no investments except I pay LIC every six months once(3k...