BubblyPotato
BubblyPotato

Tax saving hacks

Outside of the standard 80C BS, is there any major way to save tax? I can’t stand a small set of people giving out so much tax to the government and so much burden on the other side without any significant social benefits. This one’s especially for the experienced ones.

17mo ago
Find out if you are being paid fairly.Download Grapevine
GoofyDonut
GoofyDonut

"political donations" Downside is you'll need to spend money in cash

DizzyJellybean
DizzyJellybean
Zomato17mo

Some references

QuirkyNarwhal
QuirkyNarwhal

I can give you some options:

  1. Buy term insurance (this is in 80C though)
  2. Pay your parents health insurance bill
  3. Do NPS (Min is 50K but you can do more if it fits under your risk criteria)
  4. Political donation (This is getting risky nowadays though, IT dept is raiding inactive parties)
  5. Then if you have home loan/education loan you save taxes in that.
Discover more
Curated from across
Indian Startups
by TwirlyCupcakePhonePe

Brilliant Tax Saving Ideas

Who doesn’t hate paying taxes ? Please list down some of the underrated options, hacks, workarounds, tips & tricks to save taxes. (Should be legally right, can be ethically wrong)

  1. exploiting 80G can be one way to save taxes (if you...
Personal Finance
by WigglyRaccoonStudent

How do you save tax?

Are there any legit ways to save tax once you cross that salary where saving from 80c, 80d is not of much use? I know home loan is one option but are there better ways?