I am comes under 30% tax bracket, I am planning to invest 50000monthly for 12monthes with lower risk, where i can invest so that I need to pay lower tax on that investment? Recurrinf deposite or sip in debt mutual fund

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

Related Posts

Can someone throw some light on how wallet balance works in Zoho Zoho Corp . Couldn't reach any HR for the info?

like

Good recommendations for realtors in LP/OT area? Apartment rentals. Thank you!

like

Highly Technical Market Sell-Off - Though, it has picked up over lunch and I suspect that short term turn is in near. Old floortrader told me once, never trust a market that is making new session highs or lows during lunch. That's not normal. This might not be a normal day; but we do need to rebound to get another opportunity into the short trend. So, count on it. The last draw is more suspect as it hasn't been proven to exist yet. So, we will see how we look when we trade 9855.75 on NQ.

Post Photo
likehelpful

Investing newbie here: pros cons of getting a rental property vs investing in stocks?

like

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

Any good books to help get you up to speed on real estate finance matters?

like

I get $3200 in rent for a condo that I have $3600 monthly costs on (mortgage, property taxes, HOA fees). Although I put in $400, I make about $1400 a month in equity (15 year mortgage). Property is worth about $470k and I have $200k in equity. Make sense to keep or sell?

like

Best way to use Amex Concierge? First time with so not sure what best practices are (do I need to do research ahead of time or are they basically like a personalized travel agency)

like

Can anyone tell me where I can declare a home loan in the Payroll portal?

I am a little confused...

like

Any McK fuel people in here? Kinda curious about this segment in reference to deal structure. Is it all commercial debt?

like

Where do y’all think Ethereum and Cardano will be in a year? I’m hoping former breaks $4,000 and latter breaks $200.

like

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

like

What’s the most you would feel comfortable spending on rent in BH/WeHo for a 1bed at $250k TC and no debt?

likesmart

I pay $500+/month for health care premium and after going to urgent care for an injury I still ended up with a bill that was over $500. Curious to know if any freelancers are not on a healthcare plan and how that affects your taxes for the year.

like

For all the people saying BB is next:
BBs float is about 555 million while AMC's is 50 million. There are far too many shares outstanding to make an impactful squeeze. Shouldn't AMC be next?

like

Does anyone have family members who constantly demand money because they feel like you’re rich now because you’re a lawyer? I’ve always wanted to be in a position to help my family but we all live in the high COL city so my salary doesn’t carry me as far as it would elsewhere. I’ve given a detailed summary of all of my expenses yet every month one family member in particular comes to me for rent money (not some, the full amount, and they refuse to get a job). It has become quite the burden.

like

BakerTilly people, what application do you use to prepare your financial statements? Do you use word/excel?

likefunny

Best credit cards for a non-road warrrior after CSR and Amex Plat changes? I think Amex Gold and the Chase Flex are pretty good - do not think CSR and Plat are worth it anymore

like

Bought some litecoins on Coinbase - how long does it take for transaction to go through and owning the coins?

More Posts

Hi fishes, Dm me for referrals at Merkle Sokrati.

The Country needs our prayers.

like

What’s the biggest point of pain for you Indy’s, that tech or other services hasn’t fixed yet?

like

New to the industry and wondering what a typical Pharma Copywriter does in their role. A bit concerned about the lack of actual copywriting I'm doing so far.

likesmart

My AD is weak at comping/photoshop and admits it’s not their strong suit. I believe it’s hurting us. Wwyd?

like

If you are approached for copy position with a company called LadyBoss... RUN! I don’t know racket they’re running but they set up a video conf with a bunch of copywriters interviewing simultaneously.

likefunny

What are the best consulting firms for PE and VC exit, please include boutiques not just obvious ones

like

Can anyone recommend a classic high heeled boot? Looking for something to wear with tights/dresses

like

Hi all - Trying to pivot into Cybersecurity/Infosec after 7 + years of experience in Network Engineering. No security related certifications. I have enough work experience in network security to match 60-70% of job requirements for infosec positions. Capable to get CEH/OSCP certifications in a few months, but want to wait until I get my foot into the door before investing 2-3K on these certs. Any advice for me will be greatly appreciated.

like

When it comes to education and application of the knowledge, what is preferred, masters in cyber security or various cyber security certifications in regards to application at work?

like

I read this super interesting article about how big companies like Toyota are investing in social-emotional training for their employees and seeing massive benefits. I actually think this could be a whole separate class for students of all ages. Learning about conflict resolution, growing your own self-regulation skills...it's really important.

likeupliftingsmart

What is the salary range for data visualization at Baker Hughes for 1-3 years experienced professional

like

Has anyone participated in the AWS Tech U program. I’m trying to break into solutions architecture and trying to use that. I am a consultant at D and wondering if this is a downgrade. Does anyone know level of the program, structure, pay? Any help appreciated

like

Doing some career planning and wanted some advice. I have 4 years for project management experience in production and I just started PMing at an ad agency.

1.How long should I stay in this position before making my next move?
2. What should my next move be?! (Stay in the company and try to scale up or move on.)
3. Would getting my PMP at this point be helpful?

like

How many people here wants to switch job, but can’t due to current market scenario or GC process ?

Comment 1 for current market scenario.
Comment 2 for GC process.

like

Just trying to anchor my minimum expectations a bit and would really appreciate some help. If I enter industry at the strategy manager grade into a large (FTSE 100) corporate. What does my earning trajectory look like (assuming I continue to progress through grade towards Head of Strategy)?

likehelpful

If anyone works at a charter without a union, are teachers generally invited into the decision making process at your charter school? Does your school have leadership committees/teams with teacher representatives?

like

First year (ug level hire) and got email from apple recruiter. Would love to exit to FAANG but not sure I'm ready to leave BCG in my first year but maybe after 2-4. What is best practice?

like

What is the salary of SLP manager in reliance retail?

like

Additional Posts in Tax savings

Any ways to fake lta

likefunny

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.

Hi fishes,

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

like

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 Fishers,

DM me if anybody want to file ITR for last year, I will help you get good refund amount for whatever tax paid or deducted from salary during the financial year.

By investing 50k/annum in NPS I can save 15k tax per year.. Suggest me I should opt for NPS or not?

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

My Last working date at Wipro is 12th of june 2022, So How tax will be calculated for the financial year 2022-2023. My CTC is 8.4L
I will be working only 3 months for this financial year and in April month payslip i can see 6K deducted for tax and in the IT projection it shows around 30k tax deduction gonna happen. I will be joining another Firm in same june month
Please share how tax is calculated in my case and how to save taxes.

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?

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 .

likehelpful
like

If my company is deducting tax on reimbursements for example relocation, flight travel, mobile usage, etc. Then how to show in tax filing? bcoz as per my understanding it should not be taxable as I am using my money and company is refunding and no extra income. It's like I have already paid once and while refunding company again deducting. Please guide on this issue.

like

What are all the ways to save income tax?
CTC 9.8L

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

likefunny

Can we show rent paying to parents if we are living with them.. Do company mandates that parents should be living in different city to qualify for such HRA exemption.

likehelpful

Can I pay income tax challan using credit card?

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

How much rent amount should I pay to get maximum tax deduction?

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