Hi Sharks,

Need suggestions on how to make zero tax with all possible deductions for the salary mentioned below.

CTC - 20lpa (18fixed + 2variable)

1. Standard PF deduction by company for 10k
2. Home loan co-applicant along with father for 10k (property is with father's name)

Currently staying at home. Will be moving to work location from Jan.

No other deductions or investments.

Highly Appreciate for the suggestions on what to invest and how.

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Once you cross the 30% threshold forget about zero tax. There's no way to make the tax come to zero. You can use the old regime and use the 80C, 80D and HRA if applicable. I'm not sure if you'll be able to use the interest component on the loan since you are a co-applicant.

For your investments it depends on a lot of factors. Do you have any goals? When do you want your invested amount (time duration). In case of equity always take more than 10 years to see proper growth and choose for debt part for less than that.


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