My CTC is 21L and i have tax deduction for home loan at 1.5L and icici policy premium at 1.5L
How can i reduce my income tax in what all other investements ? Please guide me

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

I guess only thing remains is your 80c deductions, if your icici premium doesn't cover it

like

You can open NPS 50k will be saved

Related Posts

$700 a month lease (tax-in, 39m/10k) R-Dynamic (380hp V6). Only first month and registration due up front. I can’t think of anything as good or better I can get for that much. Thoughts?

Post Photo
likesmart

Thoughts on the new Chase Freedom Flex?

like

Retirement: what are some ways you’re preparing besides having a 401K?

like
like

What do we think is going to happen with student loan deferral? Any recent new grads thinking they’re going to pay back any time soon? Some argue Biden is going to keep pushing interest pause til next election then forgive 10k as a strategy to help get re-elected? I only have 15k to pay and can pay it anytime, but no incentive to when that money can be earning more elsewhere in the meantime, thoughts on what is really going to happen?

like

I’m trying to buy my first house and my wife and I have a few IRAs from previous employers (Roth and non Roth). I read I won’t be penalized if I take out upto 10k from my IRAs for a first time house (except for taxes on the non-Roth accounts). Anyone know how true this is, how the process works, or have any advice? Is it a good idea

like

Would you say Austin’s real estate market will go through a correction in 2022? I am considering there in a few months (wife and 3 kids) from a normal-priced city. While we can afford a house there, I am scared of getting into an extremely risky investment seeing such fast growing prices in 2021. I’ve read both bull and bear scenarios online and I’d like to get some “Bowl’s” thoughts. Thanks!

like

How do we get TSA Pre through AFS?

like

Can I ask at what age people are typically buying their homes here in LA? Wondering at what age people are able to take the plunge.

like

Thoughts on investing in FTT FTX? It’s available on Kucoin

likefunny

Hiring an advisor and a 401k specialist in Greensboro + Charlotte NC

Anyone willing to share thoughts on National tax- unclaimed property at EY?

Received an offer from EY but didn’t find enough information to get to know about it.

like

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

like

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

like

Best way to get a home improvement loan? Any red flags/tricks to know? Is it worth it if o have the cash (would wipe out a lot of savings). Kitchen and removing walls is about $80k

like

Should I sell or hold Tesla considering it’s joining SP500? Right now my profit margin with it is around 110%.

like

Just checked my credit score and it’s an 835. Is it possible to ever get an 850? If so how? (Know it’s not impacting any of my loans, just curious)

like

This might be philosophical but wanted to understand if we should get satisfied and be happy with what we have or keep striving for more?

Reason I am asking this is - I earn close to 1.5 lakhs every month and if someone had told me this during my college days I would have taken it eyes closed thinking this is more than enough. But today, I am not able to be satisfied and I don't want this to become an affliction so thought to share with others here and get to know the general sentiments.

like

why rent over buy; seems like “throwing money” away?

like

I just received an offer to lateral into banking. How does independence affect the stocks I currently own? If I join and my stocks are on a restricted list will I have to sell them? Or will I be limited to being unable to buy more/sell any during the course of my employment.

likeuplifting

More Posts

Interviewing for 1st official midlevel role. GlassDoor says median for title/company is $81-82k.

4.5yrs NY agency experience (half internal, tho). Will starting negotiations at $90-95k appear crazy?

like

Lot of previous posts here have been deleted, if you guys know what I mean

like

Good places to hang out on a Tuesday evening in DC? I know places for weekends but not week days.

PwC MC 2014/2015 MBA hires... What was your bonus (pretax)?

like

Any consultants grounded in Chicago this week? down for happy hour at the Westin ORD?

like

How to change job location as i m joined as fresher in Capgemini.
Base location is Mumbai and i need change to pune.
Can anyone tell me??

like

SPHR exam- has anyone ever been “randomly selected” for an application audit? This just happened to me and the sheer amount of effort that is going to go into collecting all the documents almost makes me not want to follow through. Since I didn’t finish undergrad, they’re asking for a copy of my high school diploma or transcript and that itself is going to be an absolute nightmare to get hold of. Guess I’m not really looking for a solution here, just venting.

like

Anyone celebrating 4/20 in West La?

likefunny

We are building Immersive Sales Training at Scale using a lifelike Avatar. With the revolutionary tech leveraged have the ability to help sales force improve their sales skills, capabilities and close more deals! We are turning average Joe into top performing sales person. We’re looking for strategic angels to come on board and scale solution globally. Are you or do you know anyone in your network that is interested, we are all ears!

like
like

What are some reading centers you do with your 5th - 6th graders while you pull a small group?

like

Everyone working in SEO: what do you do day to day? I am looking at moving SEO in-house instead of the company we have now, but I don’t know where to start. Tips?

like

Aspiring to be a management consultant

I am currently working with Hyundai as Assistant manager.

I desire to join Accenture strategy in consulting line

I don't hold an MBA degree but have rich experience in S&OP

Can someone guide me

mmm tasty bone

Post Photo
like

don't really get people's hype about pumpkin spice in general though

Post Photo
likefunnyupliftingsmart

26 F Gujarati, looking for someone in Chicago!

like

Hey everyone, I was recently laid off from Meta. I am a senior technical recruiter, who also served 20 years in the military. I am looking for new positions working in San Diego or remotely. Any help would be much appreciated. Thank you so much.

like

I run a small SaaS startup. I am looking for a growth manager for my company, who can wear multiple hats. She should be able to do presales as well as helping me in the building strategies for the company. Any help, what should I look for in an ideal candidates? Any suggestions about how would I interview candidates? Thanking you in advance!

like

I applied to a job at KPMG and did the first two rounds of interviews, general interview, then case study and competency. Never before have I had such a positive feedback at the end of an interview of the 2nd, both said really like me, I did well etc.
It's now been 3 weeks since the interview and I still haven't heard back from the team other than the odd HR email saying they are following up with them. Is there something going on internally, I.e hiring freeze in the London office atm?

like

I have an interview Bloomberg for sales and analytics, can anyone give insight to what to expect at the super day?

like

Additional Posts in Tax savings

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?

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?

like

Hi fishes,

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

like

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.

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

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

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

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

Any ways to fake lta

likefunny

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

Can I pay income tax challan using credit card?

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