How do I find a CA? I tried searching grapevine but could not find any relevant post where how we can find one is mentioned..
Is it beneficial to hire a CA for salary upwards of 30LPA? Like, can they help me save more tax than the usual 80C/NPS/Medical Insurance savings, I seem to have already maxed them out. Also if we opt for new tax regime, can CA help in saving additional money?
Any help would be appreciated :)
Hi, I'm a CA .
If you are filing a simple ITR 1/2 return with only salary income and simple other incomes like interest income. Etc, it's not required to have a CA.
You can start availing the services if you have capital gains, RSU's , sale of property. Etc
However, it is always better to have a CA than not having one.
I've been doing my taxes for 5 years.
However am exploring some new ways of tax saving which I'm not utilising rn.
I've a salary of around 45 L and have the following deductions
Hra 80c Political party donation
I'm paying about 11 L in taxes and it hurts. Is there any scope for any improvement here??
From next year I'll add nps and term insurance also as deductions
You need a certified financial planner not CA.
How much taxes can be saved on a 40 lakhs package? I am planning to hire a CA but looking for rough estimates here. I can structure my salary in any way I want and can invest in all schemes except housing loans.
Deductions: 1.5 L on PPF, EPF, Term insurance, Tax saving MF, 5 Yr FD etc 50k NPS personal 50k Corporate NPS ...
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 ...
+1 for everything above except staying at own home.
