For High earners of India only
Hate seeing so much of money go into taxes to this so called goverment. How are ya'll budgeting to save on taxes
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My friends make donations to political parties via hawala or agencies and they take a 6-8% cut and return the money in cash thereby making the black money of political parties white and in return saving 22-28% in taxes because donations are fully exempted under 80GGC in the old regime.
I save money by donating to the trust fund that my dad and I own.
how does that work
it will only work if making 3cr+ in total
Open a demat account as HUF (Hindu United Family) - applicable, of course, as the name suggests to only one religion. You get a lot of tax exemptions there.
😳😳
People buy overpriced apartments for 2lakh deduction.
You can’t
Political party donations
How to donate to political parties? Can we donate to any political parties or only parties in power?
People commenting elss and home loan, do you think OP wont have maxed out 80c before becoming desperate enough to post here? Also 80c saves shit, 1.5L tax free is barely anything.
Donate to a political party they will return cash after 3-6% deductions. However this tax benefit you can't get in form16 but only though return filing.
how much u already lost u dont know the ways before i hate just losing 20k once??