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GigglyBurrito
GigglyBurrito
18mo
by
Accenture

Trending @Wipro; Tax savings advice 🙏

Hi

Currently I'm getting 6.5 LPA - OLD Regime

BASIC - 21667.00

BONUS - 3500.00

MEDPREM - 381.00

GRPALLW - 11106.00

PF - 2600.00

HRA - 10834.00

Variable pay - 6k 3 months once

My question is how much can I submit the HRA declaration?

Apart from HRA how much i have to invest in Tax savings mutual funds?

Please please help me 🙏

18mo ago
BubblyDumpling
BubblyDumpling
Sapiens
18mo

Why not opting for New Regime?

GigglyBurrito
GigglyBurrito
Accenture
18mo

I made a mistake mate, wrongly taking the old regime

SquishyBurrito
SquishyBurrito
Wipro
18mo

For below 8lakh package new regime is best

SillyQuokka
SillyQuokka
Wipro
18mo

you can submit , whatever your max hra yearly , and you will be paying no tax as your income will be under 5 lpa

GigglyBurrito
GigglyBurrito
Accenture
18mo

Thank you so much mate 🙏

DancingRaccoon
DancingRaccoon
Wipro
18mo

Bro you can invest max 1.5l in elss/pf/epf that would bring your salary under taxable limit. If you want to invest even less than that, you can calculate it using the tax calculator on income tax site. I think old regime is best for you

GigglyBurrito
GigglyBurrito
Accenture
18mo

Thanks bro

JumpyBurrito
JumpyBurrito
Wipro
13mo

You will get an option to change the regime now. Stick to new regime for zeto tax and thank Nirmala taai

SnoozyKoala
SnoozyKoala
Wipro
18mo

Declare 11,000/- HRA Per month. That's it no need to invest anything your taxable income will be under 5 lakh considering HRA & PF .

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