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)
List down more…..
If you are in 30% bracket and have huge liquid cash, transfer it to non earning parent, will save 20% on TDS on interest
Check with your HR for tweaking your salary structure to make it tax friendly, if not done already
i tried this with my HR. Those people dont want to do anything that will increase their work load. A buffalo crossing the road might listen to people, but no these HR.
If you live in a house owner by your parents, pay rent to the non earning parent and claim HRA. Even if you pay high amount of rent, just pay a small amount of tax on behalf of the non earning parent.
Net net, you make a profit
Don’t live with parents but I’m still doing this to maximise the savings 🤓🤓
Can this still be used when you have a different residence address?
For eg, parental house is in City A and your work location is in City B with ₹20k as the rent. Can I still show ₹50k as rent in City A?
become a farmer
I was from a government school+college and don't feel too bad to pay taxes(maybe didn't understood the actual money value yet)😄
Content creators have taken good care on this topic. U can’t find a loophole per se. Maybe try dark web 🫢
@NinjaAnalyst Can you explain how you use 80G. I’m unaware
Donation to political parties.
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 esp...
Hi Guys,
I wonder how people save maximum tax. I don't see any options for me to do the same. Can anybody give me some tips or tricks to save some Tax? My goal is to save maximum, and the Saving should be ready to use in a need(in case ...
