Hi all, I have recently reached to Taxable income stage and my current CTC is 14lpa.

As the tax filing and deductions and policies intake to save tax deductions seems alien to me..kindly lemme know the basics on what should I act upon before this financial year .

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I think there should be a way of asking a question!!
If you need some info/ clarity you should first analyse and study first, bring some questions up!

Its just like asking, i am interested in quantum physics, could somebody tell me more about how to fly a rocket around wormholes 😝😝

Buddy taxation is such a big world, atleast go and read, basic exemption, deductions, tax slabs and ask some specific questions which would also make responder think that the author is really serious about his query!

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Haha, not that tough! Lol.
Just understand deductions and exemption and the ones applicable for you. And u are done

If you are still in confusion DM me. We can discuss. Even I am new. But I have some knowledge about it.

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Additional Posts in Tax savings

I have a question regarding taxation of joining bonus.

I recieved a joining bonus of 1 lakh from my previous employer in last fiscal year which was taxed.
I resigned from the organisation before completing 1 year... Which will be deducted from my last month salary.
How does taxation works in this case.

Any ways to fake lta

likefunny

Can I make rental agreement as paying rent to my dad for tax savings .. I would like to mention 46k per month as rent .. Please help .

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Base: 5 lakh
HRA: 2 lakh
Max how much I can exempt with HRA while filing ITR?
I live in my own house. I can pay to my parents in the name of rent.
What are the documents I need to produce?

Anyone from tax can help me on some tax related queries.

Q1-Can I claim LTA and LTA cash voucher both for the current Block?
Q2- In LTA cash voucher scheme i have a total expenditure of only 50K approx so how much can i get as saving for Tax?
Q3 How the above 2 can be claimed during ITR filing?

I have more Questions but if we get replies on these we can discuss further.
This can help everyone

Hi,

Kindly ping me if you need any help for filling up the ITR. I will help you to get maximum return.

Charges applicable.

Thank you

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Hello fishes, can we buy land/plot to save long term capital gain tax?

Hi,

Can we use 10(10AA) leave encashment as tax exemption if we separated from the Job?

Note: corresponding tax paid challan info available in form 16

Thanks

Hi fishes,

My CTC is around 12 lpa per annum. How can i avail max tax benefits?

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