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 right? please help here.
why don't you start investing from April? Any reason to invest only in jan to march ?
Cuz financial year ends in March? Shouldn't all investments for that year be made till March?
you can. Any specific reason to do in jan-March?
Any benefits doing in such way ? Just to learn about that
Yeah, but I will say if your are thinking of ELSS do a SIP.
Makes you disciplined and consistent investor, will help in long term and you don't have to worry of these things too.
Agree, don’t do ELSS only for tax saving purposes, it is a good investment avenue to do an SIP
Agree
Yes buddy
Yes.
Or else what you can do is change your regime to new regime during ITR filing. It will give you refund of the excess TDS collected by your company
Not an option since I already have enough investment proofs to reduce tax considerably using the old regime
If it is a scheduled investment, then some HR teams will allow if you show them last year investment and prove that same amount will be invested this year also. If this is not possible then you can claim refund at the time of filing returns
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.
Pl...
Off topic
Last year(23-24 financial year) Total Tax deduction was 60k. My total investment in 80C(PPF and ELSS) 48500 and in 80D -16000. So how much return I can expect after filing tax.
Tax regime- Old
I am new into this, so it may ...
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...
CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.