How to pay 0 tax till 10 Lakh Fixed
Standard Deduction - 50K
80C- 150K
NPS- 50k
80D- 50K to 75K
Home loan interest/HRA - 2 lakh to any amount.
This brings your earning to 5lakh so you arr eligible for 0 Tax.

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

Is there any other way if we don't have house loan?

like

You can use, LTA/ professional pursuit allowance/. Or other employer benefits like telephone allowance etc.

What to do when we do not have a house loan?

Also isn't 80D limit 50k?

HRA, 80D has conditions, read about it.

80 d this much!

I dont know whats the benefit of saving Tax when you are blocking half of 1/3rd of your salary into savings??

What if someone can not put that much of money into savings??
Example::

I need to cover my siblings education expenses of around 3.5-4 Lakhs a year.

Is there any way to save taxes in this case??

Take an education loan, you can claim interest paid on such loan as deduction separately under Section 80E.
P. S. I'm a CA.

like

Matlab tax bachane ke liye ghar khareed lun, wo bhi 10L ke CTC pe?

Rent bhi de sakte ho.

Related Posts

Just had my discovery flight and I’ve been wanting to go for my PPL for a while, just not sure I can justify the 15k or so investment in my current financial situation. Would it be really bad to spread my lesson over a period of a few years?

like

What are ways I can spend my $200 airline credit for the Amex platinum ? I saw upgrades don’t count and I have status so already get free baggage, lounge etc.

like

Does the 25X rule take into account long term capital gains tax of 15%? Like if I know I need 40K to survive, do I need $1M, or more to make up for the tax too?

like

What is the most you've invested into a single stock?

What is the biggest loss you've endured?

Any good mf with less tracking error to invest in us equity.

like

Hello All,

Can anyone please help me here.
I have made my tax payment in July 2022 but yesterday (15 Nov 2022) I receive an email that tax payment is due for assessment year 2022-23

I called to help desk and he advised to raise rectification request from Tax portal and update the challan number. I tried to raise request but need to upload some XML or json file there. I am not sure how to upload or modify that file.

Does anyone know what steps need to follow as I already made my tax payment.

like

Any book recommendations for learning about investing smart in your 20s?

like

Can someone explain the LTA policy? What happens if I don't claim any travel bills? Can I claim it as a taxable component monthly?

like

What bank do you use, and why? My old bank doesn’t have branches here, looking for suggestions.

like

I am getting a 3% interest rate on a jumbo loan with 20% down on a $850,000 single family home. The ball park in July was 2.65 - 2.75
Checking if folks are noticing a spike in interest rates or if I need to look for another lender.

like

I recently was let go (in lieu of accepting my two weeks) and I should have received my March expense check by the end of April per the employment agreement (submitted the report April 1, let go before mid April). I have emailed HR but haven't heard anything. I've got a feeling someone at the top is putting a hold on it.

How do I get my money from them? It's a few hundred dollars

Sorry if this isn't the right bowl for this question - I've checked a few.

like

Which credit card do you think is the best for ME consultants?

like

Has any one went from reinsurance back to insurance? The money is great and all but the W/L balance isn’t. Has anyone else felt the same?

like

About to get a home improvement loan. Any recommendations for a lender? Also looking for general advice. TIA!

like

Planning to buy a condo in 451 W Huron - Yay or Nay? Will live for a year and then rent it out. Don’t want to renew lease another year.

like

Boy at 23 earning 45k a month.

Will the society accept me.
Will I be able to earn 150k-200 a month.

Just having a second thoughts so writing it down

funnylike

Hi Experts,

Suggest me some debt funds. Looking for investment for 3-5 years.

like

Implications of a PE firm selling and a company bringing on a new investment partner?

funnylike

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

More Posts

Is Canada visa initiated for anyone in TCS

Is there some specific time when visa will be initiated for Canada

I always poke fun at Canadians, but your country is an inspiration. Thank you, Justin Trudeau

like

Any really impactful books that have helped you career-wise? Not necessarily consulting focused. In need of guidance and a new book so figured I'd kill two birds with one stone or whatever.

like

Do any of the top consulting firms hire into the Engagement Manager level after an M7 (if they had manager experience elsewhere)? I know MBB probably doesn’t but what about other tier 2 firms after that - and asking for US or Canada

likehelpfulfunny

Looking to get into Facebook privacy legal team. Have experience as a consultant at another FAANG company. Anyone willing to provide a referral or discuss further?

like

My boss is asking me to “reconsider” the way I approach a client… I am in charge of this annoying corporate maintenance thing that we do for a client (I.e., making board of directors meeting to comply with some regulatory reporting required. I always end up missing deadlines. How would you reply?

like

Capgemini project - .Net Core, Microservices, Angular

FIS Project - .Net MVC

IBM Project - don't know

Capgemini - 18.5 fixed + 2L variable
FIS - 17.10 fixed + 1.90L variable
IBM - 17.14 fixed

Looking for highly job security with better project

like

My best friend has Celeste!

like

Hello All,

I had my LTI L1 and L2 rounds and was selected.
Hr asked for documents and also had a call for salary discussion.
Now they have asked me to attend L3 interview Tomrw?
Any idea why they want to have one more round after HR discussion?
Is it common?

like

Hey fishes ,
Which one is good for SAP ABAP developer with 3.5 yoe... Offered designation Consultant.
HCL - 15LPA
Deloitte India - 15.2 LPA

like

Hi Fishes, can someone throw some light on how much can I expect for below skill set :

Java Full Stack and microservices.
Yoe : 12
CCTC : 27 FIXED + 3 variable.
Current designation : Lead SE

like

waiting on a final written offer, messaged the recruiter yesterday but received an automatic reply stating she won’t be back until tomorrow. Email stated to reach out to another recruiter for immediate assistance so I did. I emailed her , she said these offers do take some days because of the Hr and HM has to sign it. Once that happens my recruiter should send me the offer. Either on the day she comes back, but by the end of the week. I am going stir crazy, I really hate my current job. Help…

like

I have an interview coming up for internal audit manager. Currently in external audit. When asked about my experience in ERM - what would you say Is transferable skills that I can leverage in my answer?

like

What is tier 1 2 3 stuff?

like

2 weeks unassigned in may. Can I use PTO for those 2 weeks even if I haven’t accrued it yet? 1st year, and what are the cons of two weeks off? Like utilization. Etc

like

Hey Fishes, Need 11 likes. Please help!

like

Hi Fishes,
Someone please let me know the in-hand salary per month after tax for this. Please respond at the earliest as I need to take a call on this. Any help is highly appreciated.

Post Photo
like

How is a Partner’s sales bonus at your firm calculated? Also, what if multiple Partners have connections at the same client when a sale is made? How is the bonus fairly distributed?

like

Hi there - anyone aware of FTI director salary range for Dubai office? Not enough data on Glassdoor to verify..

like

Additional Posts in Consulting India

How is Qualitest,Any idea
Will really help a lot

like

Please help to choose.

Credit Suisse, Pune vs Happiest Minds,
Banglore

Role - Business Analyst Digital Transformation

Packages are same.

like

How many rounds of interview in mindtree for 14yrs exp. Hows work culture in mindtree

like

DBS is asking to share the entire offer letter of AMDOCS that I have... Can I share it?

I am 8 yoe. My current CTC - 8 lpa. I have got offer with 21 lpa. Since my current CTC is low as per market standards company which provides offer are saying i am expecting more offer with less current CTC. Any suggestion how to get more CTC as per market

like

KPMG has only mentioned the fixed part of salary in the offer letter. Somehow the recruiter said the % variable part wouldn’t be mentioned in it. While on call she said the variable can go upto as high as 20% of fixed but usually above 10% for an average rating. So would it be right for me to say the CTC is Fixed + 20% fixed without being explicitly said in the offer letter?

like

Hi, I am looking for job change.

Please let me know if any openings on
Power BI, Qlik sense and SAP Business Objects.

Experience: Around 10 years

like

Audit question - Can anybody tell me the next step if a sample fails without any logical explanation. (For both TOD & TOE)

Bank of America Assistant manager at (gurugram) or Barclays ba4 analyst (Pune)?
I'm basically a north Indian bought up in Mumbai. On same pay which is better org?

like

Hello Fishes,

I'm from Calcutta...2 yoe...

Due to the medical constraints of my dad, I can't think of moving out of Kolkata....

Presently, I am paid decently in TCS...got offers from KPMG and LTI...but then couldn't accept them and stopped my job search ...

But if at some point when I would feel saturated with the work at TCS...

Can u guys help me by naming good companies in Kolkata...that I could consider as an option in future...?

Thank you🥺🙏🏾

like
like

Hi Fishes,
I have an offer from Nagarro So Anyone know
How are the project in Nagarro for Java Spring Boot Stack.

Thanks in Advance.

Hi, I am currently working with a startup as a software engineer. I joined first as an android developer and after 1 year I became SDE-1 and now it's been 1 year more and I have given my resign and now serving notice period. I don't yet have been able to get new opportunity somewhere else but I was sure to leave the current company due to unstable work life balance and heavy work load, so how should I further find a new company that has good work life balance and higher salary. My CTC is 13.2lpa

like
likesmart

Got Offer from KPMG Global services 18 LPA and currently I have 14.5. YOE 10 years, Skill Ariba
Suggestions please to join or not

like

I had HR discussion with cognizant on 11th June.As per HR I should have got offer letter in a week's time post approval.Till now I have no update from HR.sent many chasers as well called HR numerous times but no response.Any idea how long cogni HR takes to release offer letter.
Designation offered Manager

like

Impelsys How is impelsys as an organization?

Any openings for Infor m3 technical consultant with 6 years of experience?

like

I have an offer at 27 LPA WITH 2 L JB in Accenture.
Will TCS match this offer?
Role: Scrum Master
Yoe: 11

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