I have a total taxable income of 1978050 for. Which I need to pay 330915 as a tax as per new regime.
I don't have any investment and also as working from home living in my home town so no rented house.
Please help me to save some tax
TIA

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

Why you’re going with new regime, go with old and use 80C, 80D and 80CCD(1B).
80C- invest (1.5-PF) in ELSS mf
80CCD- invest 50K in NPS, u can also use employer contribution for NPS and save tax.
80D- 5k for health checkup and if u have taken any medical insurance for ur family
Also see if u can Create a rental agreement with ur parents (if house is on their name) and claim HRA

like

Search for old vs new regime tax calculator excel sheet. You may find some excel sheet where it will ask you to provide salary components. Based on that it will tell you which one has higher income tax .

Also, you can check in portals like ambition box for in hand estimate after income tax.

Alternatively you can connect with me can you help you plan and save tax for a nominal fee

Related Posts

Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

Just want to know if 70% is enough for a single man who does not pay rent. Or am I saving less money?

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

Out of curiosity, do you think most ppl max out 401k (19.5k) and Roth IRA (6k) annually?

like

Has anyone’s credit score dropped dramatically? Mine dropped almost 20 points in one month and the reason says because the age of my accounts are low but I haven’t opened any new ones? wondering if it’s covid related somehow?

like

Hi everyone!

Wanted to know if Amex uses a lot of proprietary softwares/ processes which have no value outside of Amex?

like

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

Saving for a home. Should I save my money in a CD or savings account?

like

Big legends Guide to Three-Fund Portfolio. Yay or nay? Additionally, please share personal finance books that you recommend to newbies! Thank you and happy holidays!!✨

like

Other than a Tesla, what make and model has the best acceleration per dollar?

like

Desi 🐟 fam - What apps are you using to make payments in India using US credit card?!
I use Wise for money transfers and other payments using debit card but i want to pay with my credit card and wondering if there's an option for that

like

What's your favorite story helping someone buy a home? I'm going through the process now and it's so stressful. I need a little positivity :)

likeuplifting

I have a LOT of credit card debt. It has just grown over time and I can’t find my way out. I’m considering debt consolidation, specifically a company called National Debt Relief which seems legit but I’m just so hesitant because I’m scared to make my situation worse. Or a personal loan to pay off all the CC debt and then have a smaller all in one payment. I’m intelligent and I work in finance, it’s so embarrassing. HELP.

like

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.

like

Going with a solo 401k so I can borrow 50k if I need it for buisness purposes in the future with no questions asked and fast what companies should I look at?

likesmart

If you could go back in time what would you tell yourself before taking out student loans?

like

How much do professional, high-earning (300k+) people put down as down payment for their first home / condo in Manhattan? 20% seems pretty high given the median prices, but looks like thats standard

like

Home reno financing question. Have a big project coming up in the $120-150k range. Funding sources are:
- 90k from a heloc around prime
- 10k from a credit card that offers promo checks at 2-3% for 12-18 months
- 375k in a brokerage
- 5-6k per month cash that I can put towards the project, loans, or brokerage

I don't want to stop funding the brokerage because my FIRE plan is less numbers based than "hoard like dragon until it's enough" but maybe I should... How would you optimize?

like

Anyone know of any standards, or have any opinions, on naming in-house counsel as a named fiduciary of their company's 401k plan? Pros and cons?

like

Making this bowl to share thoughts and experiences about angel investing!

like

Personal finance book recommendations?

like

More Posts

What is the salary range for KPMG SA in Financial Management for MC in DC? I can’t seem to find the range for State and Local Advisory. Thank you in advance.

like

I feel like this is a buy signal bc I don’t know what’s going on anymore.

Post Photo
funnylike

Do you think campuses will open up this summer for on campus tours?

like

How is work life balance, benifits, hike, bonus and salesforce project at KPMG global services??

like

Latham & Watkins Hi! Anyone here who is currently working at Latham & Watkins London? Or any other reputable US law firms in London? I have a few questions about the application process. Thank you in advance. I am UK-based and qualified.

like
like

I am a cashier and I was under the impression that we were still required to wear masks on a federal level. Is this not true?

like

Guys off topic
D laptop pickup ke liye formals me jana padega kya

like

What's the pay at Deloitte for a CA fresher in Financial Due diligence.

Please tell for both Domestic and International.

Ty

Hey Fishes,

I have few offers in hand and I'm working with DI as consultant. What are the chances that I have to be retained by DI itself? Do they match up with Salary provided by others?

Let me know :)

like

Any thoughts on food (fast casual) and/or lifestyle franchises that are at present, underrated, but well position for growth in the next decade?

like

If you’re tired of the stress of the agency world what’s a good next step career wise? Working in programmatic display currently and sick of the never ending workload.

like
like

What’s everyone’s take on the Mimecast breach?

Somebody please elaborate on Corporate Functions team at Accenture!! Is it part of Tech?

like

Senior Risk Consultant + CPA at big 4 (4 YOE) looking to break into IB with no Deals experience. Would appreciate any tips, tricks and resources for interview prep and beyond. I have an interview coming up with an MM bank in their Real Estate group. TIA

like

It's showing, 50members in this group.... congratulations all. 1st day 1st fifty ;-) all the best for tomorrow for Increment.

likesmart

Hi Team,

What will be the inhand monthly salary for below.
Please revert.

Post Photo

In a serious relationship for the first time since starting with the firm. Advice on how to balance career and personal life? I promote to manager this fall and want to succeed in both realms

like

How many applications do COA chambers usually get, particularly in 2/9/DC?

like

Additional Posts in Personal Finance - India

Feel free to ask any personal finance related questions here, from equity investment to CC offers. There’s nothing called silly questions, we have some excellent peers in the group to answer it.

like

Hello guys,

How much % of salary do you save?

While mentioning %, please let us know if you are married/unmarried, pay rent or not.

Just want to know if 70% is enough for a single man who does not pay rent. Or am I saving less money?

like

A financial advise to all the students and youngsters buy a term life insurance before starting to invest in other instruments. A sample illustration will help you understand that it has a financial benefit plus a security to all your dependents incase of any unforeseen event in life.

DM me for more details.

Post Photo
like

So the National Consumer Helpline really works.
I had filed a complaint against Goibibo, who delayed my flight cancellation request until 1 day before departure hence the airline charged a higher cancellation amount.

A friend of mine introduced me to the portal when I filed a complaint explaining the matter in detail, uploading Twitter DM screenshots, where the company was clearly denying responsibilities on the above.

Took 2 months but today my refund was initiated by Goibibo.

likesmart
like

Hello folks, My ctc is current at 6.2lpa and I would like to cut down my taxes. Any suggestions on where to invest for tax savings? Also is FD a best plan for investment with lock in period od 4 yrs for tax saving bills?

Is there a way to Pay rent via Credit Card without paying the convenience fee?

like
likehelpful

I feel like I've been living under a rock for ~5 yrs. I was happy and blowing off money with the thinking that I'll start saving once I start earning more.

Just realised that could've started early. I'm in mid 20s and thinking about investment. Tried watching YouTube videos. But I have pretty basic questions :
1. Where do I even start?
2. What %age of income should I invest?

I hope I'm not late.

like

I am 29F and earning 13LPA. I have been working for 4 years of which 3.5 years I had very low pay and close to 0 savings. I have been able to save 6L now.

My investments below:
* Elss funds - 2 (total 1.5L annually)
* Large cap mutual funds - 6 (total 40K sip per month) current portfolio of 4L
* FDs - 2 of 25K each
*Medical insurance - company provided

Can someone advice if this is a good investment plan for future? What can I do better? Do I need another Insurance? Where else to invest?

likehelpful

Hi Experts ..Suffering from financial stress...my 90% commitments will be end by December..but felling so much stress to handle with money

like

U can’t be wrong if you’re investing in index for long term

Post Photo
like

Hi Experts,

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

like

Is it possible to have zero tax with 13.5 lpa with the following tax benfits ?
80C 1.5 lpa , 80 CCD(2) NPS 50k ,
Home loan 2 lpa.

like

Hi All

I am getting 45k monthly and 10% tds is being deducted at source so after tds I would get 40,500 Rs. However, I am making my work done from someone else and paying him 30k. I am left with 15k each month. What should I do to save this unnecessary tax I paid? Please help.

Hello All,
If anyone is interested in getting an Amex card as first year free, please dm me. I can help with referral so that you get the card FYF and 2000 bonus points on spending just Rs. 5000 in 90 days.

like

I have 11 years of experience in Automation Development and currently in RPA development. What is an average salary for an associate with 11 years of experience

like

Guys, I need your expert suggestions. All figures are in INR
I am living in Europe with my wife. We both are earning.We save around 4.5 to 5 lakhs every month based on exchange rate. We have SIPs of around 60k. Please help me to invest my savings. Apart from mutual fund SIPs I don't know much.

like
like

Diversification is the key. My portfolio includes a bit of most of these.

1. Debt/Liquid mutual funds (direct)
2. Gold
3. REIT (fractional ownership and distribution)
4. Equity mutual funds (ELSS, direct)
5. Direct equity (India)
6. US stocks and ETFs (tech & genomics)
7. Crypto currency (interest deposits)

helpful

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