Tax getting deducted from salary
Some amount of money is being deducted as tax from this month for me. I have not priorly declared tax as I was not aware of this tax thing. Now, do I need to file ITR or how to proceed further so that my tax doesn’t get cut from salary. Anyone please guide.
For last FY (2023-24) , then please file ITR and show your Proofs, you will get your Money Back.
Congratulations for your first salary 😀
Anyways, if you are not aware of taxation system then please get used to of it.
All you can do to avoid little bit of tax is to declare your investment under 80c 80d etc if you opted for old regime or you can go with new regime , all that depends on your package and tax calculation.
And for this financial year 24-25, you need to file ITR after your form 16 is generated in 2025 April or May.
Just go and declare HRA, 80C, 80D all these under old tax regime, you will not get tax deducted then. You have to plan from now for the entire financial year. You will be currently under new tax regime which is default one. You can compare and change it to old tax (one time chance )
only if it is good for your salary
Then to get your deducted amount back you need to file your ITR
Same for me… my salary also has a deduction with a component named as “income tax deduction”… I have never heard of it. Anyone please give me some insights 🙏 … I want my money back
Just go and declare HRA, 80C, 80D all these under old tax regime, you will not get tax deducted then. You have to plan from now for the entire financial year. You will be currently under new tax regime which is default one. You can compare and change it to old tax (one time chance )
only if it is good for your salary
Then to get your deducted amount back you need to file your ITR
paste a screenshot of your salary brkdown. Will try to help you with it.
Please reach out to someone in ur team or someone you know who is already working since atleast couple of years. If you do not find any help, reach out to me. I will try to help you with whatever Knowledge i have
There are two things certain in life: Death and Taxes.
"was not aware of this tax thing."
Lmao.
What is your ctc?
