Hi,

Where to invest to reduce the taxable income of 8 lakhs after investing 1.5 lakhs under 80c and HRA 1 lakhs ? Medical insurance 50 k I’m aware of it and I don not plan on any house loan. Please suggest.

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Try to invest in NPS additional 50k if applicable.

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Thank you..did it yesterday 🙂

In future once your income grows and you come in 30% tax bracket opt for car lease scheme. The entire lease rental paid by you will be non taxable

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Just for your information , I hope that never happens - If a family member is suffering from a chronic disease in that case you can get the tax benefit up to 1 lakh on submission of medical bills . This is other than the medical insurance

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Kindly suggest the best ways of saving maximum tax for this CTC :) :)

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Hi,

I just want to know a fact , upto which ctc can be adjusted to minimal tax deduction under new slab?
Like 15lpa ,20lpa

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Hi,

Can I pay full hra amount as rent to my parents to get hra exemption benefits.

HRA: 5 lakh

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Hi Fishes,
I started my job in 2020. I haven't fill ITR till now. My CTC is below 5LPA.

1. Can we fill the ITR for previous years? If yes then...Will it cause any issue?
2. What would happen if I start filling ITR from this year only and skipping for previous years?

Please suggest and guide

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