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DerpyPretzel
DerpyPretzel
Stealth

Tax Exemption

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.

Please guide if someone know this!

25mo ago
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WobblyDumpling
WobblyDumpling
Amazon25mo

Don't worry, You can change it to new regime during itr filing

DerpyPretzel
DerpyPretzel
Stealth24mo

I hope I can change 🤞

WobblyDumpling
WobblyDumpling
Amazon24mo

No need for hope. I know someone who did this last year. So it's allowed for sure

DizzyLlama
DizzyLlama
Atlys25mo

Invest!

DerpyPretzel
DerpyPretzel
Stealth24mo

I need cash for house expenses. Can't invest a lot of money! Is there any alternative to this?

QuirkyMochi
QuirkyMochi
PhonePe24mo

Change companies and get higher paying job

DancingBanana
DancingBanana
Amazon25mo

Invest or you would need to pay tax from your account during itr filing

DerpyPretzel
DerpyPretzel
Stealth24mo

yeah, but I need cash flow so that's why I am not investing! is there any alternate to this?

DancingBanana
DancingBanana
Amazon24mo

Then change to the new regime during filing.

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