MagicalCupcake
MagicalCupcake
32mo

Income Tax Filing 30% tax bracket.

I fall under the 30% income tax bracket and my taxes have been deducted close to 5.5L. I have used all 80c, 80D, 80CCD etc. Is there anyone who can help me with the maximum possible tax refund?

32mo ago
SnoozyBurrito
SnoozyBurrito
32mo

Yes, a CA😂

GoofyDonut
GoofyDonut

Or better, a politician

GigglySushi
GigglySushi

Or better a Minister from BJP

MagicalCupcake
MagicalCupcake

I heard that there are people who charge commission and help you get maximum refund. I am not sure how true that is.

QuirkyPickle
QuirkyPickle

They will add all sorts of deductions, which upon audit, you won't have any supporting documents, so you may end up paying 200% fine. Avoid these at all costs.

SwirlyPretzel
SwirlyPretzel

+1. With everything being digital and connected, IT dept shoots out email for clarification / tax claim overnight like Swiggy sending a PN to order food. You also don’t want to risk a penalty, an interest and interest on interest. Lastly, you don’t want a silly 50k savings hack bite you later in life when the stakes get higher.

SwirlyTaco
SwirlyTaco
32mo

HRA is our friend. Pay rent to your parents

QuirkyBagel
QuirkyBagel

It's ok bro/sis. If you got all deductions then there is nothing much you can do legally (for salaried). That's how high taxes work. We all are in the same boat.

GigglySushi
GigglySushi

Bro, itna to ModiJi ko dena hi padega

SquishyCupcake
SquishyCupcake
32mo

I can, but I don’t do it for free :)

MagicalCupcake
MagicalCupcake

CAs said that they can't help much.

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