I want to know which tax slab can be appropriate for a 10lpa and what are the way I can manage to reduce my tax computation.
I have been to this tax slab for the first time don't have. any knowledge.
can one of you assist what can be done or what are the steps for saving the tax or us it possible to have 0 tax.
FYI,
2.2lck is hra

Let’s say you have two young, high income partners in a couple who want to buy a house together but don’t really care to get married. They already live together in an apartment but both want to move to a house to build equity and have a yard, not share walls, etc. Should one partner buy the house and the other pays rent until they get married, or should they get a mortgage together without being married? I realize there isn’t a “right” answer but I’m interested in people’s experiences here.

NJ Personal Income tax question:
My wife and I file a joint return. We were part time residents in 2020z unfortunately, we both filed our joint tax return. My wife sent via paper and I sent electronically. Any idea what happens now? Can't get ahold of anyone.
To make matters worse - NJ doesn't have a paper part time resident return - so you file a resident and non resident separately. Ours net to a refund but the resident one shows a large amount due and the non resident shows a large cont...

Is it too late in our lives to jump into a mortgage?

So my fiancée and I are relatively late in terms of finally landing well paying jobs and being able to save money instead of living paycheck to paycheck. We’re both 36 and currently rent a 2 bedroom in NY and have a combined savings of $35,000 which she wants to use as a down payment on a condo. I kinda just wanna continue saving while renting. I also literally just started contributing to my 401K so I’m also late in the game for that too.

What's a reasonable average amount for basic cost living in LA (housing, food, transport, phone, internet..) for more context : single, would like to live in an independent studio in a nice area.

Any suggestions for books to read about any guide for buying house in Canada or on real estate in Canada ?

Thanks

What is your ratio of Net Worth / Annual Income? What's your age?

Would prefer if folks don't share their gross net worth or income #s as this is more about how have folks been doing given the resources they have.

Hey, I am looking for an Angel investor to invest in our idea. Can someone help me to connect with the person.

Thoughts on the VC Royal Eagle? Seems crazy undervalued, you can get it for less than a DateJust! What am I missing here?

Anyone start later in life? About to turn 32 and my retirement savings are sad.

Personal Capital users, which pnc link do you use to pair the retail account? Doesn't seem to work

Thoughts on living in Bushwick or Ridgewood, is it worth the cheaper rent/more space?

Why are properties in NYC so damn expensive? At this point should I just move elsewhere?

Love how BS credit score is. Got my score up to 800 last month only to go on vacation so my credit utilization went up to 8% due to the increased spending and my score dropped 35 points because I didn’t immediately pay the balance after charging the purchases. I always pay my balance in full each month and have never missed a payment, how is 8% credit utilization determined to be that big of a risk that my score got immediately wrecked, I don’t understand

Hi folks,

What do you think, is NPS a good scheme of investing in comparison of Mutual funds, stock market and ppf?

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?

I'm a foreign national with a UK work visa, normally working in London. If I end up working from home outside the UK for 80-100% of the tax year does my UK tax rate change?

Genuinely curious: How do you justify working in PR knowing that you won’t make $100k+ for 15-20 years? I’m 3 years into my career and I have regrets about choosing this field when I look at my financial timeline.

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.

Trying to learn SEO and need to start with the basics, advice abt free resources would be really helpful

Can TCS give 14 LPA to a Software Developer having 2.10 years of experience?

Anyone elsa was recently admitted into Kellogg and/or MIT?

I have an offer from Citi.. and my joining is in Nov first week,in that case can I be eligible for year end review and bonus pay?

What’s is like going from social strategy to brand strategy? Advice for making that career jump?

*Ohio* I stepped into a role as Software Engineer (.Net) with no experience at $70k. Six months ago I had brought up the fact I was being underpaid for the job I was doing with now 3 years of experience being the only Engineer on the team and my manager agreed giving me an increase to $90k. My manager is wanting to get me some help and posted a new role modeled after me (3 yrs exp) w/ salary between $88k-$126k. How should I approach my manager about it without looking incredibly greedy?

It's been 3 week with CTS (cognizant). After HR discussion HR said wait for offer letter but no offer letter yet.
YOE 9
Expected CTC 27Lpa
Current 20LPA
Did i ask too much?? Will congnizant not approve my Expected CTC? HR is not picking up what to do?

March for science?

Hey Guys,
What is the full form of AVP role in Credit Suisse
I applied for DevOps engineer - AVP
Please provide some insights!🥺

Can anyone send me invites/codes to the EY and KPMG bowls?

I have 10 years of experience in testing, I want to move to abroad. Can anyone help me how to get job offer from india

Finish strong tomorrow. #Bankerproblems

Anyone else feel lethargic and sleepy? I feel like I'm getting very slow and dull mentally and physically. How can I stop this? Work out? Eat more fruits?

One of my staff is quitting. I'm secretly so happy because he is really bad at being an auditor. I don't have to answer the same question 8 times a week, re-do all the work he did after 3 rounds of feedback and hours of coaching, and have time to actually get the my own work done.

#silverlining

Do you submit fake rental receipts and owner pan card detail for HRA? Is it normal ? I see most people does in my team. They submit parents or spouse pan card number as owner pan card number to get HRA. Is it same everywhere?

Hi Fishes,
I started my job in 2020. I haven't fill ITR till now. My CTC is below 5LPA.

1. Can we fill the ITR for previous years? If yes then...Will it cause any issue?
2. What would happen if I start filling ITR from this year only and skipping for previous years?

Please suggest and guide

Please let me know how to claim (whats bills needs to be submitted) exemptions for Special Allowances.

How to bring tax liability to zero for 15 lpa ctc?
Can I claim hra for less than one lakh per FY and Maximum housing loan benefits?

The rental place and property under loan are in same city.. Parents stay in rental ( I pay rent) and I have purchased new flat in same city for myself.

In case anyone needs help with their Tax returns, please feel free to DM me.

Does your organization make you feel like your work is only a support function to their more profitable businesses?

Hi all
Can some please help me !!
I have already paid self assessed tax but in income tax website its not updated and money also debited from bank
What should i do now

For rent paid below 1 lakh there is no need to submit landlord's PAN. I have calculated based on my HRA and if I show rent paid as around 96k my tax refund will be around 13k.

However there is no rent agreement or rent receipts.

Will it be a problem later on if I show this in my ITR?

Hi team ,

I have started working from jul2019 and I have filed my tax return for 2020 and 2021 tax years.


However I note that there was withholding of some amount in 2017-2018 and 2019 tax years ( withholding from comission received from insurance commission from lic and United india)

I have not filed 2017, 2018, 2019 return as my total income was less than threshold

Is it possible to file return for 2017 , 2018, 2019( all r in refund) now without paying any penalty?

My CTC will be
Basic 13LPA
FB 7 LPA
Total fix pay - 20 LPA

80c - 1.5 LPA
HRA 3 LPA

Any one please help mi on which tax method will be sutable for me old or new?

I have gains from stocks.. as LTCG. Do I need to file ITR 1 or ITR 2?

Hi Folks, how much max amount we can retain back after 80c tax claims on income taxable amount. Any idea? Is it varies based on package? What is the percentage ?

Anyone here working in M&A tax? need a referral.

I'm a recently qualified CA (first attempt)

Hello people,

Need some inputs!

When I file my ITR, it is auto-populating the 'income from other sources' by 40k and increasing my tax liability by 10k however form 26as shows no tax liability.

Should I edit the header to Rs. Xx which is below 10k hence tax exempted and stick to info as per 26AS?

Thanks a lot!

If my parents live in a government provided house and I live with them (wfh), how can I plan my HRA exemption?

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.

Hi Everyone,

I just need some advice.
My father passed away a few months back and I am yet to obtain the legal heir certificate. Given the ITR deadline is near, should I just file his ITR from his account or is there any other option?

Thanks in advance

I selected new tax regime in the company 'xyz' portal for April 2021-March 2022. I left this company in jan 2022 and tax of 16k got deducted from F&F settlement.

I have investment in EPF and submitted the rent receipts to the company for tax exception for HRA. But in F&F, based on new regime tax deducted.

During filing ITR for assessment year 2022-2023, can I file by selecting old regime and get this 16k return?

How much tax will be deducted on 18lpa fixed salary (1746800 in hand after epf deduction)? Even after investing 1.5 lacs in 80c.