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BouncyHamster
BouncyHamster
11mo
by
TCS

Tax Save Guidance

My annual income is 8.31L. (without any std deduction)

I’m investing in somewhere where I can’t show this to IT department.

I don’t have any loans or anything.

Can anyone help me how I can save tax from old tax regime?

Also suggest where I can invest within this match 31st . So I can show in IT to get my deducted tax amount back.

11mo ago
PrancingMuffin
PrancingMuffin
WS Atkins
11mo

Opt for new regime. Pay minimum tax liability. Have rest of the money for spending rather than investing by compulsion

PrancingMuffin
PrancingMuffin
WS Atkins
11mo

Anyways, you will be exempted from next year

SparklyNoodle
SparklyNoodle
Student
11mo

New Regime

CosmicLlama
CosmicLlama
Freelancer
11mo

people who bank accounts that do not have reasonable outflow are getting bank notices, to confirm on household expenses. No legal investment can escape the tax net.

SnoozyMochi
SnoozyMochi
Razorpay
11mo
  1. Take Insurance for you and parents 25-75k
  2. Elss mutual fund 1.5 lacks
  3. Generate some fake donation slips 😉.( At some margin 80-20 ).
  4. 50k Nps deductions

I would suggest go for new.

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