I am earning 16lpa for this financial year April 21-Mar 22.
In that 16 lpa I earned 1.5 joining bonus.
But when comes to paying tax - total I need to pay nearly 1.6 lpa..
Finally no use of getting better CTC offer.
How to overcome paying heavy tax.
Note :- person who struggles for a day earns 16lacs - after deducting the tax he earns 14.5 lpa
When other colleague who enjoys daily and work for 5hrs/day he earn 14 lpa - but no need to pay tax at all.he was gaining all benefItsby old regime
But wat

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सीने में जलन ऑंखों में तूफान सा क्यों है?

likefunny

Kahi raakh hai to kahi dhuan dhuan

'Other colleague earns 14lpa but no need to pay tax'.. Are you serious? Your colleague is also paying taxes. It's just that he/she is able to plan it well. Let it be old/new regime, you can't run away from taxes. Get this straight. Do you want to re-frame your question?

Yes he planned pf ,house loan , health insurance, education loan

Feel proud of paying high tax. What you should actually plan is how to invest your money and grow it, remember on equity, tax is just 10% on long term profit. Plan that one day you need not to earn from salary and you need not to pay tax. Think about how you can double your salary every 3 years, and so does your investment input amount should grow. Don't look at tax outgo or try to do investments for saving tax, rather see how you can maximize the return even though today you get less in hand after tax.

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