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Hi, did anybody ever experience wrong tax calculations by JPMC Payroll/tax team ? Or is there any specific month where they deduct more tax. Huge amount of tax deduction is done for Oct payout. From my CA’s calculation the amount deducted by JPMC team looks wrong. Anybody experienced this?
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Can you tell me the best tax regime for a salary range of 16 to 20 LPA with having only HRA and 1.5 Lakhs Investment in tax saving funds as the only deductions I can take in old tax regime.
And what would be the ideal tax regime with the same deductions (HRA and tax saving funds investments) for a salary range of 30+lpa
Thanks
Use allowances such as LTA, internet, travel, books, learning, fuel etc whatever is provided by your company. Also try to increase hra
Can you please tell me how to save income tax on 20LPA which includes 96k LTA,95k provident fund.
I have home loan ,so principal amount and interest amount I can apply for tax exemption, any other info please add to save tax .
50% of basic salary in metro and 40% in non metro cities
How much hra I can claim
For ex. If HRA = 202500, tax deduction would be around 80k then can I claim entire 80k?
Your question is not clear.