TCS
TCS
on
BouncyHamster
BouncyHamster
22mo
by

Info required on Tax saving

In this month payslip these were the data

Annual Income - 7,67,xxx Net Tax Income - 7,17,xxx (After deduction) Tot. Tax payable - 17,xxx Tax deducted this month - 1,xxx

Will this Total Tax payable is for this entire financial year or it will be increases frequently after each month salary?

If I increase my PF contribution of about 20k for this year will this works for saving tax?

Or any otherway is there means pls guide me

Thanks in advance 👍

22mo ago
GroovyPenguin
GroovyPenguin
22mo

Seems like you're new to this, get in touch with some of your friendly seniors (not managers) and ask them about all possible deduction criteria. Do some research on YouTube about deductions as well and which ones you opt for.

BouncyHamster
BouncyHamster
22mo

Ok 👍

WigglyPickle
WigglyPickle
22mo

Vpf would be the best option. However, it has 5 years of locking period with a higher rate of interest than normal tax saving FD. Just check if any prior investment that, could fit in any section of ITR

BouncyHamster
BouncyHamster
22mo

Thanks

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