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how can i reduce tax deduction in wipro... m on 12lpa. where 90k is included in this. but i only get 76k/ hand monthly..
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Any suggestions on budget for living with 1 kid, both parents working and earning like 2L per month in chennai?

Hi I get 92k in hand ctc per month and I want to save tax. I pay 37500 as rent per month. My company did not deduct anything neither do I have PF. How can I do this?

Hello I have question,

Me and my two roommates have taken rented flat. Now while two of us were not in tax bracket one of my roommate was taking HRA
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pls suggest best child education policy for Tax saving as well as good maturity amt

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Please help me for 16.5lpa which regime is best old or new as I dont have home loans , HRA..?

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Please Help me to calculate tax, I'm new to ITR filing and which regime I should choose.

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Hello fishes

I was trying to e-pay my taxes through the income tax portal, but by mistake I selected the minor head as Other receipts (500) instead of Self Assessment (300)

I tried challan correction but it's s… more

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My rent is 22k, can I give a fake receipt of 25k for rent to the company. Will my owner get to know?

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For FY2023-24 i have opted for the New tax regime. And as tax I was getting deducted around 4k per month. And am not having any home loan and investments. And am paying 28k for LIC and around 24k for … more

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A quick question.
I invested in PPF and epf and mutual funds else I completed 1.5lakh 80c limit now can I open a NPS account and invest 50k and claim it under 80ccd(1b) is it possible? Or it's comp… more

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Where do I find myself a CA that can guide me with taxes?

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Which tax regime is best for 9 lpa and why?
What are tax saving investments under both regimes?

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I just wanted to ask one question,

Today is 31st March 2024. Can I invest in ELSS mutual fund today for tax savings for FY 2023-24. Will that be considered?

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I got 16 lpa CTC with WFH & I am living at my in-laws place at Tier3 city so can I create one rent agreement with them and transfer monthly rent online of around 60% of my monthly basic pay(65766×60%= around… more

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Hi I am getting random tax deduction since last year (3.6lpa then) because my ex created my income tax account I believe. Now that my salary will be 11lpa, I have no idea how much more will be deduc… more

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Please guide here 🙏🙏

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Hello Everyone,

I have a CTC of 25 lpa and received a one time bonus of 2 lpa, it is being taxed at flat 30%, received only 1.4 lacs.

I wanted to seek your advice on saving tax. Should we hire a CA to help us save taxes?

I o… more

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I am 29 years old, 70LPA package in tech industry. I currently have investments of 10L and liquid cash of 15L. I can save about 2L/month as I have no active debts. How should I build my portfolio to g… more

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How can I get fake invoices for

Books and Periodicals and
PROFESSIONAL PURSUITS.

I have these components totalling around 75K. I work as a software engineer. What do I need to show?

Some one enlighten… more

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Which regime is better for 10 LPA where in-hand is around 9 lacs p.a. in india

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Hi Fishes!

I want to invest in SIP for tax savings but have zero idea. Can anyone please help me understand like if its a good option, how much shall be invested and all.

Thanks in advance!

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Hi everyone
ITR Refund Intimation Update.
After a long wait around 1 month. I received a refund intimation mail.

Anyone else waiting it might take you around 1 month or more.

I assumed it would take 1 week or 2 weeks… more

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Hi guys,
I am new to tax system, can anyone please tell how the tax system work, i have swtich the company recently and in starting month with bonuses I received nearly 3lakh first month but I saw stra… more

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I filled revised itr twice by mistake due to network issues, is it going to cause any problems?
Please suggest what should I do?
TIA

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Can we show 200,000 loss on self occupied property and also claim hra at same time.

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Hi everyone
Did anyone recently received ITR Notices ?
In which scenario we might get one ?
I am trying to claim a 10k refund. I paid around 1.05 Lakhs tax.

Please suggest.

Thank you

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Hello Taxpayers,

I need some assistance regarding my tax returns. I worked at a firm with a 5LPA CTC from Jan 2018 to Nov 2021, and then I moved on to a new organization offering 13.5 LPA starting from 21st Nov 2021.
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I am bachelor living in 2bhk flat in Bengaluru with my friend. We pay 15k rent. And my share is 7.5kpm = 90kpa.
(40% of basic) or (HRA given) or (Rent paid - 10% of basic) from these smaller one is considered to claim … more

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While submitting tax it's showing my investment as low to achieve 100% tax save I have to increase investment in sip can I increase my investment on paper and submit while filling ITR my CTC is 8.… more

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Has anyone done bogus entry while filing tax return to save tax and if yes, how much shuffle you made and id it safe to make some false entry. Please suggest

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Is special allowance of it industry taxable??

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Guys one doubt regarding LTA. I didnt submit LTA documents to employer. Cam I claim LTA on my travel during April 2023 for AY 2023-2024 directly in ITR. I have all the necessary documents and haven… more

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File your Income Tax Returns for FY 2022-2023 before 31st July 2023.
In case of any queries feel free to reach us.

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If I have a fixed salary of 30 LPA , which regime should I select?

a. I don't have any loans
b. I have 80 C fully covered. Have investment of 1.5 L

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Hi, please guide me either to select new or old regime.

I am earning 30 LPA fixed, I can show full 80 C 1.5 L. LTA bills for 30 k. Medical expenses for 1 L. Apart from this I don't have much to show.
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