I have HRA of 5 lacs but not able to save anything as my rent is only 8000 rs/momth.
How to save maximum. Kindly suggest or give some perso(CA) contact number who can do something in this.
Working location - Indore

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

Do you have pan card of your parents? Are they earning?

We are already showing theirs income around 3-4 lacs for tax planning.
My home is in different state and I work in different state

Great. Thanks

Either have an agreement with your parents and send them the amount so that you'll have a proof. But the issue is for that 5L, your parents would be liable to pay tax. So one way or another someone has to pay it . And since your parents are already paying tax, you can just use the new regime and chill a bit instead of trying to save some money!

Related Posts

Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

like

Happy New Year ! Anyone interested in bitcoin investment and NFT ?

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Bi-annual plug to say I’m a realtor in Charlotte, NC if anyone needs help buying a home or investment property. DM me!

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

like

What credit cards do you hold and which one do you recommend?

I’m looking for a real estate agent in South Florida to help my buy a house. Must be an aggressive negotiator. Any recommendations?

like

What other avenues are you using to increase income?

like

Inflation post covid—19 .. thoughts? I am really worried considering the prices from housing to basic needs in major cities are already not affordable for most middle class families.

likehelpful

How do you renegotiate your commission rate on TD Ameritrade and it’s platform ThinkOrSwim? Is this requested online or do you have to call in? Does it have a decent success rate? Im at the original .65.

like

What’s the fastest WI-FI provider in Austin? I have Spectrum abs it’s not fast enough for my house of 5

like

Would ETH be the next BTC?

like

Use savings to (partially) pay for business school or invest and fully cover via loans?

like

My realtor looked at a unit for me, and shared the video w me. I’m interested. The unit is on MLS. Then he posted on his IG story seeking buyer. I’m kinda annoyed because now I may have competitions since he is my realtor OR should I be ok for him to do that since it’s equal playing field on MLS?

likefunny

Why do people accrue prepaid expenses?

If you are interested in earning extra income, please let me know. I do financial services, great opportunity! Dm me!

likesmart

Need some help! Currently live in TX but work as an independent contractor (remote) for a NYC based company - do I still need to pay NY state convenience tax on income or would this only apply as a full-time employee?

like

Still using Ally Bank savings account, but the APY had dropped to .60%. Time to move. Any recs on personal savings account? This is my emergency “savings”

like

Hi folks ,

Can you suggest some good residential society near Gachibowli ( 2BHK or 1 BHK ) ? How much should I keep the budget for a 2BHK in that area ?

Thanks in advance.

like

More Posts

For anyone who took the CISA exam (I passed lol), how many days did it take to get your “official score”? I know it says 10 days but wanted to ask if anyone got it sooner

like

CW salary at FB/Meta within the Creative X group? I keep seeing posts for copywriter positions that require 6 years of experience so I’m assuming even though they call it copywriter it’s more in line with senior / ACD agency salary.

like

Pharmacist

Hi all!

I'm a UK pharmacist hoping to qualify and work in the US. Is it still worth doing or any tips in general? I've read on Reddit there's a surplus of Pharmacists in the US. What are your views on that?

Thanks!

like

Hey Salt peeps. I’m curious what kinds of practices you specialize in and how long you’ve been doing it? Would you specialize in something different in tax if you could turn back the clock?

helpfullike
like

Hello Community,

I am interviewing for a senior consultant role in Salesforce practice at a big4 firm. What should I expect as a compensation?

like

Does anyone recommend working in high pressure better salary(WFH IC Engineer role in a relatively big Financial services firm, but working hands of on many things that builds pressure) vs

job 2 or atleast offer (Senior Manager 3 days a months in office( Banking firm) minimum, people manager for 24/7 infra operations teams and new project)taking a salary cut of 8k in base and with better WLb( hr) says so in interview. I am too confused. On job security we all know we can't guarantee anything.

like

Hi guys. What's the status of Microsoft employees in India currently. Any firings going on due to market conditions? Microsoft

like

Is the PGDM course from UpGrad good for moving forward in the data science domain. ? Please help me as I’m thinking of pursuing something alongside work as I cannot leave my work due to financial condition. I wanna excel forward in this domain. Currently having 2.5 YoE in data science and analytics.

like

For people who post links to news first - how do you do it? I send stuff to people and they're like oh saw that, and it was two hours ago...

likefunny

I’m LGBTQIA+ and an in house attorney in a red state. I am desperately seeking a relocation after a handful of anti-LGBTQIA+ bills and rhetoric have been introduced, & some even signed into law in my state. Despite my efforts, I cannot seem to get a recruiter to work with me or any companies outside my state to even consider me. I’m applying to jobs for which my experience is a match, & I’m being looked over. Any advice from anyone who has successfully relocated?

likefunny

Tips for refinancing a car I’ve had for 6 months. I’ve paid on time for every month but I’m paying $600/mo on a loan with 15% interest? I owe $25K. Will the original bank, Chrysler Capital, consider it or do I need to find another organization?

like

How many hours a week do you ACTUALLY work?

like

Any new shops in Canada doing good work?

like

How do you complete the last parts of slideware? Boring cleanup, numbers consistency, spelling etc (the ocd factors)?

like

How do you evaluate or follow up on a vendor that utilizes cloud providers for data storage but claims to not have an internal network?

like

Accenture India Hello Amazonians, my joining date is on 30th May and I have received no communication regarding my first day. Any idea when will i start getting emails. Role: cloud support associate Amazon Amazon Web Services Amazon India Accenture

like

Any idea why EY is not on the list of Vault 50 top consulting firms but it is on the prestigious list?

like

What are some publications, books, podcasts, online classes etc that can help me prepare for my first year in consulting? Have 5 years of experience in finance and making the jump to consulting.

like

Vettel you beauty ❤️

like

Additional Posts in InHand Salary and Tax Calculation

Saala ye dukh khtm kahe ni hota be,

Rejection after Rejection - ab to count v yaad ni😔😔

likeuplifting

I am joining IBM 7A Band as senior Application developer.How much time it takes to get band 7B. I wanted to know about band progression and % increment they give in that.IBM

like

Hi Folks,

Can anybody help me with my inhand salary calculation?

Investments:
80C- 1.5 Lakh
80CCD- 50 thousand

House Rent:
INR- 14850 PER MONTH in Tier 1 city

Post Photo
like

Hi Guys what should be the best ask for onsite Belgium in terms of compensation

like

Hi All,
What is the market range of salary of an Assistant Manager in compliance (regulatory, Insider trading, AML) with 6 years of experience in a listed company?

like

How much I can expect monthly take home salary. I pay rent 1LPA,1.5 LPA 80c. Any suggestions to minimize the tax deductions?

Post Photo
like

Infosys 17 lpa 15%variable pay how much i will get

like

Hello Fishes,
What will be the in hand salary per month as per below break-up + tax.

Post Photo
likehelpful

How much in hand if 12 lpa package in TTL

like

what will be my inhand salary for the below breakup?

Post Photo
like

Hi All,

Can you help me my what will be my in hand salary

Post Photo
like

What would be the inhand sal. for below structure.

TIA

Post Photo
like

What is the 2022 package for new hire at Texas instruments Banglore?

like

Hi Sharks,
Could anyone can confirm exactly how much monthly intake from the below CTC.
Stack: HPC
YOE: 6

Post Photo
like

Hello All,
Need 11 likes to enable DM.
Thanks

likehelpful

Hi Fishes,

I need 11 likes to start chatting with Individuals in the group.
Pls help

Regards

likesmart

What should be the approx in hand?
CTC: 14lpa
Fixed: 12.8lpa, Variable: 1.2lpa
80c: 1.5L
Std Deduction: 50K

Apart from this, also let me know how else I can save tax.
Thanks a ton 🙏

like

I got 2 offers one from NTT Data with 23 lacs and Publics sapient 24 lacs .

Which company better for salesforce technology??

like

I am asked about salary expectation for Senior Devops Engineer role in Berlin, Germany.
What should be the expectation.
I am currently at INR 30 LPA in Bangalore.
Thanks.

like

Salary - What is the salary of Operations Managers in Hyderabad

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