Tax savings

I filed ITR on 15-Jun. Still I did not get refund credited? The same situation for anyone? The status is not changed to processing.

When can I expect the refund to be credited? It is still in processing status. I filed on 9th july.

Hi Fishes,

I have received the below message from CPC:

Your Return for A.Y. 2024-25 has been processed. There is no payment due.

I'm new to taxation thing and wanted to check that is it the last step for ITR ver… more

Hi Guys,
Can I know if the tax filing government website is not working?

I'm trying with this site but it's not working for the last 2 days.
I'm getting an error as "This site can't be reached."
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Hello , my company has gifted the employees and an equivalent amount is shown in my gross as gift voucher . Is there a way one can get expemtion ?

Hi,

My company made a blunder by selecting new tax regime so as a result no deduction is visible in form 16. Can I select old regime at the time of ITR filing?

Hi someone please help me to choose regime my ctc is 12lpa and I have a housing loan on me and currently I choose new as it asked for less documents. Will I benefit if change to old one

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
Now what we should do about this situation?
I am very conf… more

pls suggest best child education policy for Tax saving as well as good maturity amt

Recently I switched job, and with my new package, I have too much tax implication. So, I am thinking of claiming more HRA. My actual rent is 16k, so is there any way to claim more HRA by showing more … more

I am comes under 30% tax bracket, I am planning to invest 50000monthly for 12monthes with lower risk, where i can invest so that I need to pay lower tax on that investment? Recurrinf deposite or sip i… more

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

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

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

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

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

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

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?

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

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

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

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

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

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

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!

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

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

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

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

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

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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