How can I save tax with 36 lpa fixed and 4 lpa variable

Please guide.

I already own a house, car

Posting as :
works at
You are currently posting as works at

At some point you cannot do anything but pay tax as the only option you have are:-
80 C
NPS self contribution as well as employer if available
HRA
Homeloan interest
Mediclaim 80 D
LTA , fuel , food coupon as applicable in your org
Donation in 80G if your company considers it during declaration else claim it in refund while filling ITR

like

Ask your company for stock option instead of fixed pay

Donate to other fishes here.
Take 80G tax benefit.

funny

Utilise NPS, Employer deduction 10%of basis + additional 50k as self contribution.

Offtopic.
Can i know your tech stack and yoe??

Related Posts

I’m 24, new to the stock market and make ~90k a year, how much of my income should I have in stocks? (Not including 401k)

like

In HCOL areas like NYC, how much would you say is “Too much” credit card debt? Moderate and low amount also. Single , married or any situation.

likefunny

is the rental market getting better?

likefunny

Just curious, has anybody invested on affordable housing in Gurgaon, India? Or got any insight for a first time investor.

Good neighborhood for buying rental investment properties in Dallas? Have budget of around $400k.

like

Hi Fishes, what is the monthly salary for this? With 1.5L in 80c and 15k monthly rent and using previous employer’s pf. Please help.

Post Photo
like

Anyone with experience in the short term rental space willing to connect?

I was in the market for a first time home in New York but the market and rates got too out of hand. Recently pivoted to a few out of state options for an STR and would love to learn from someone who's set one up.

Thanks!

like

Hi guys 👋🏻
This is regarding the interest amount of our EPF.

For you guys,is the interest details showing any amount in the EPFO member passbook? Or is it showing '0' like me(As seen in the photo below)?

Is the government yet to credit the interest amounts of our PF balances? Or is something wrong with my PF account only?

Any inputs will be really appreciated 🙂

Post Photo
like

Tempted to buy 1 BTC ..

like

Question for my 401k focused advisors out there--what programs are you using that is instrumental to your 401k practice that you simply can't do without? I'm being pitched on Envestnet & im not sold.

like

Does having student loans impact your ability to get a mortgage?

like

Has anyone here used Circle for OTC trading or any other services?

like

Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

like

Hi do you interview from time to time just to check what’s your market worth?

like

Is there anyway we can reduce taxes on crypto? Other than obviously hodling it more than a year.

like

Is blockfi only a bank and not really investing in crypto?

like

FL peoples: I signed a lease for a new place to start May 1 as my current landlord sold the unit I'm in. Turns out, the buyer wants to keep renting the unit and asked if I want to stay. Of course I want to stay. My new lease hasn't started so I'm pretty sure I can easily back out. For the new lease, I'm still pending full approval from a condo association as I have to do an in person interview. I have paid first months rent in advance. Is there anyway to get that money back?

like

Would you accept slightly lower pay or no pension for a better 401k match?

like

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

like

More Posts

What is average CTC for Scrum Master with 13 years experience in IT and 5+ years as scrum master

like

Can someone suggest a plant for my bedroom? It’s a huge bedroom, space is not a concern, will put the plant beside an east facing window. Preferably something that I can find at Home Depot.

like

My humble collection (L-R):
Omega Planet Ocean on Nato 2200.50.00
Rolex Datejust 41 Azure Blue w Roman Numerals 126334
GMT Master II Batgirl 126710BLNR
IWC Portugieser 7 Day Auto IW500704
Tag Heuer Carrera WV211B.BA0787

In a WOLF Howard Blue Leather Watch Box

Post Photo
like

Anyone here transitioned into a staff accountant role (reconciling differences, end of month balances, JE, etc). Is it better than tax in terms of work/life balance and how is the work?

like

Only two weeks left in my joining Salesforce and i still haven’t received any communication from HR. No laptop or any sort of joining kit. Am I being over anxious? Should I call HR last thing I did was update government proofs etc on workday Salesforce

likefunny

A play on chicken parm

Post Photo
like
like

The 2020 census data is interesting as we think about DE&I metrics in the work place. Should we strive to have our offices have this level of diversity so it matches what’s actually reflected in our population?

Post Photo
like
like

currently debating if i should work on the hill or accept an IB role. i feel like working on the hill is invaluable experience that could get me into IB but maybe i’m wrong? Which opportunity gives me best resume experience?

like

Do cover letters matter at all anymore?

like

Where to go with kids and grandparents during cold season in Chicago or Northshore? Moved to Northshore recently with 2 kids and parents visiting soon.
1. Restaurant recommendations.
2. Play areas.

like

For those who completed their SHRM certification this year (CP or SCP) and opted for self study, what study materials did you use to prepare?

like

SC to M, promotion in CBO.

I was promoted to SC in Aug 2020, and milestone year shows 2024 (4 years).

Is this normal I thought SC-M was 3 years and 2 for an early promo.

Can anyone suggest if it's even possible to try to get promoted in 2 years? Just don't want to put in extra effort and getting disappointed later.

like

Anyone have a semi competitive men’s soccer league I can join?

like

Anyone in Aurora, CO area? We are shifting next year, desperately need some daycare related advice. Can’t travel in person right now, and on paper most daycares look good.

like

How do y'all feel about Teslas? Idk why I assume the worst about the person driving them 😅

likesmartfunny

I don’t understand how majority of folks afford rent here. Also, how these luxury apartment buildings stay full capacity. Seems as if majority of Coloradans I meet aren’t raking it in $$$.

like

Why Data Modeler role is on high demand these days?

Additional Posts in Consulting India

Extremely bored. Accesses not in place for more than a month now. I have never been more productive though regarding certifications and learning new technology.

like

Does it make sense to move from Accenture S&C Capability Network to Bain Internal Practice Consultant role at a 40% hike?

like

Accenture Technology in India as Senior Manager Vs. Deloitte India Senior Manager ? Which is better? Aspects - Work, India focus, Salary, Growth, talent pool?

like

Hello all ,
I am looking for job change,
I have total experience of 10 years in automotive plastic components design and development and 7 years of experience in sensor integration for ADAS,
I'm currently working as senior PDE
I have the complete experience of Product developent cycle,Right from Product strategy, BOM Creation, Requirements engineering, concept creation, release and documentation,PDM,PLM,Supplier Development, Engineering Change Management,Agile change management

like

Is it possible to under report your work experience and still clear the BGC? The reason why i am asking is due to my experience(20 years) my profile is not getting shortlisted for interviews.

like

Hi guys. Interviewing with Happiest Minds Technologies for consultant position. Would like to know the salary range for position.

like

Anyone getting anxiety attacks on a friday night just by thinking about loggin to work on monday again ? Or is it just me ?🙃

like

Virtusa I recently got a job offer in virtusa. I read a lot of negative reviews about virtusa. Can someone through some light on whether i can join virtusa by ignoring all the negatives which includes horrible work life balance and no job security.
I also have an offer with CGI but they are paying 4 lakhs lesser than virtusa. This is giving me a lot of confusion. Help me through this please.

Hi All, I am a Devops Engineer with total experience of 6 years(3 years as Linux admin and 3 years as DevOps Engineer) and my current CTC is 7.5LPA and I completed 1year in my current company. Now, I am thinking of changing the job due to salary reason. How much can I expect when I am looking out for job change based on the 6 years industry experience?

In my marriage talks
Girl's father : so u are working in x company what are plans ahead
Me : try to get even better job in some company y.
Girl's father : so your dream is also limited to becoming a labour, u r not the special one my girl deserves.

Result : rejected. But what should have been my answer.

like

How to increase negotiation skills ?

like

Hi guys,

Please help me in deciding among the 3 options below.

YOE: 9
Skill : python

1. Optum : 19 fixed
2. Accenture : 18 fixed
3. Capgemini : 20 fixed

Considering WLB, job security and growth.
Thanks in advance

like

Hi I have offer from TCS with 16L and Wipro 17.5L with 80k joining bonus. Role is same for both. Which one to join in regards to future hikeand WLB.

like

Having anxiety at its peak level, please help me how to overcome this. Not able to concentrate on office work for the past few days.

like

Hello fishes ,Hope you all well and safe .
Need a favour can anyone give referal in @delloitte @ey @pwc @kpmg or any other organization actually I am serving notice period only 10 days left and where I was going to be join in an organization but they are not ready for extend the date even they are not reply if anyone have the referral please let me know ,Yoe - 3.5 years Np - 10 days Skills- Oracle R11,R12 all module, sap ,Profile - working as an senior associate in Accounts payable ,MBA financ

What is the interview process for data analyst. I need to switch into this field without any prior experience of it.

Views on masters union course?

like

Hi All,
With 2.4 years experience in Big Data domain with AWS native. Getting 8.3 fixed + 10% variable with Deloitte where current CTC is 4.75. Have offers from other MNC like Accenture /IBM of 10 fixed. Shall I continue with Deloitte assuming career growth as a part of big 4 or continue with Accenture or IBM.

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal