Which tax regime to choose? I’m planning to opt for Life insurance of 81k per annum. I may also take a home loan in the future. Which regime would be suitable for me and what are the steps that I can make to reduce my taxes and get max benefits. This is the first time I’m falling under taxable income slab. So, I’m little confused about these things. Help please. Thanks.

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

CA ke pas ja , vo sab thik krdega

upliftinglike

2-3 k max

Which insurance are you going to take that’s costing so high ?

like

Should avoid LIC in today’s scenario and go with Term insurance.. anyway do the calculations for both regimes and see what suits you..

like

Insurance costing 81k is not term insurance and you are losing more money than you are saving on tax. You can rather save the same in ELSS or post office savings.

like

If your gross pay is less than 15L then choose the old regime, otherwise opt for the new one

like

This is not always true. Depends on how much tax saving instruments you have for old tax regime https://aviankra.com/are-you-choosing-the-right-tax-model-new-tax-regime-vs-old-tax-regime/

like

Max exemption you get for Life insurance is 1.5 lakh

like

Call me on 80051 07309 for tax planning

Calculate your tax according to both regime and choose accordingly..as you mentioned you are planning to take home loan and insurance. Old tax regime will benefit you better than new tax regime.

Related Posts

Need some advice: recently left Deloitte and joined new company that uses Fidelity for 401k — Deloitte used Vanguard. ~$13.5k in the Vanguard account, so should I roll over into new company’s..Cont.

Apart from Fidelity, I'd like to point that SOFI Invest did not restrict any stock and was relatively stable today.

I don't actually use it that much, but interface is slick and it's very user friendly. The only thing though is that they don't have option trading.

Let me know if you have questions about it!

like

Can anyone share the salary structure who works remotely for the US, UK or any other foreign company?

Interested to see whether we get the same tax and other benefits as we do get in local jobs like car allowance, medical insurance, internet allowance etc.

#remotework #remotejobs #salarystructure #taxbenifits

Anomaly NYC —
Structure of accounts, opportunities for growth, work / life balance, benefits. Thoughts?

likefunny

So I'm a millenial thinking of buying a house, but I've been reading/hearing things about the housing market being in a "bubble 2.0" already. Would it be smart to wait for it to happen? Is it silly?

like

Hi all, I've just been offered a role at Accenture UK and was wondering what the paternity leave is as this is going to impact my decision. Can someone please share? Thank you!!

like

Anyone get public service loan forgiveness? The stats of only 1% qualifying is always wild to me. I know people have made blatant errors (not make sure their jobs qualify, not consolidating their loans, etc) but still....

like

Hello Fisher's,

I have 4 YOE. I am going to make my first switch in a week.

I have to decide between two offers - Visa inc and PayU

Tech stack is mostly Java in both companies

The Compensation offered is 26.5 LPA in both companies

Kindly share your thoughts and help me in deciding. I want to know from career growth perspective, WLB and benefits.

like

Hello fishes,

Could someone please share the employee benefits that can be availed in Citi by a C10 band employee. I was informed by hr about free cab, but what else is provided except from the pf and insurance.

Thanks in advance.

like

Is it correct that less pf or 1800 pf has more tax?

like

Who fills out the condo rider first? Buying a property off market and feeling confused. How can I attach a condo rider to an offer to buy if I don’t have that info on the condo myself?

like

For those of you who have IRAs, do you have them invested strictly in stocks or strictly in Mutual Funds & EFTs or are you invested in both?

like

When is it too late to transition out of insurance defense

like

Currently working in Healthcare tech. Would appreciate a referral for a great organization ideally in Big Tech. Looking forward to connecting and thanks in advance.

like

Freelancers- how do you set your “business” up for the most tax savings? LLC vs. inc, etc

Get upto 100% of your TDS as Refund in your desired bank account .
Due date for filing (ITR returns) for the AY 2021-2022 which reflects your transactions during April 2020 -March 2021, is on 31/12/2021.
File now to get rid of penalty for delay returns
Here we will e-file your IT returns
▪️▪️▪️▪️▪️▪️▪️▪️
Are you new to ITR filing???.... no Worries join and get our help to clear your queries

📲 8985907244

like

Partner during kick-off meeting with the client: “everything we do on top is considered an investment from our side”, but then flies away... How much can we do and how far do we go for said investment

likefunny

Going on maternity leave in a few months and my manager just gave me a new long term assignment. I want to put my best foot forward and help out but I am also exhausted. What to do? I just want to nest in peace.

like

How often does jiff offer credit to get a new Fitbit? I got one two years ago, and it was stolen

Any “starter kits” or one-stop shops that would provide requisite services for new opportunistic credit shop

like

More Posts

For deciding what employees get furloughed and laid off, the big time leaders should ask the employees who it should be. An anonymous poll. Us losers on the ground know a lot more than they do!

like

It's health insurance season in the United States of "Every Person for Themselves."

Is there a silver lining to a primarily coinsurance based plan, rather than mostly copays? This is a first for me.

like

Any thoughts on the Abcellera IPO tomorrow?

like

Hi, I am on B1 band in wipro. Can anyone please say how many time we can seat for new myskill-z examination?

like

Hi all!
Does anyone have a salary range for a Data Governance Manager role?

like

Searching job as Sr.TL or PL Gujarat Ahmedabad or WFH.https://www.linkedin.com/in/tejas-khatri

like

Question: If you work in an office that has the disposable toilet seat guards, do you use them?

like

Thoughts on Big 4-> PE ops/portfolio role? 2 years out of undergrad, interviewing for a 2 year analyst role, would then do MBA afterwards. Interest post-MBA would be turnaround and restructuring Not a "name brand" firm.

Smaller, local shop but role would have broad exposure across the firm and will involve small work with investment team after year 1

like

How many ME jobs did you apply to before landing your current position?

Do you typically apply to jobs that you have are missing some of the qualifications for? For example: Is it acceptable to apply for jobs where you have 70% of the qualifications? Where is the % threshold of not getting considered?

like

Anyone know the team handling the Trump case?

like
likeupliftingsmartfunny

Any recommendations for office chairs for short people? Think seat hights as low as 15". This wfh setup is killing me and I am having so much trouble finding chairs online that are short enough for me

like

Just had a surgery to remove a lesion that had 40% chance of becoming cancer. I had a group text to keep family & friends informed. Nobody from family actually called to check on me. Five friends called to see how I was doing and feeling. Parents are deceased, I’m the youngest sibling (+5 to 8 years older) and the only one anybody keeps in contact with. Time to cut family? They obviously don’t care what’s going on in my life. One sibling never even responded.

like

All my Europe 🐠 stay safe out there!

like

Has anyone here tested buying TikTok? It’s ad platform is obviously in its early stages, but I’m wondering what the experience has been for those who have tried it.

like

Anyone know a rough estimate of CPMs for YouTube TV? I'm aging rapidly waiting on a response from a Google rep.

like

Managers, what do you do to keep stressful projects from hurting your work/life balance?

like

Agency: We have openings for CDs, Writers and Art Directors.
External Recruiter: OK, I’ll make a random post about it in my LinkedIn feed. That’ll be 10% of their annual salary, please. (Cont.)

likehelpful

Additional Posts in Salary slab IT industry(India)

I am 10.5 years experienced and working in same firm from start of my career. I stayed in same firm just because of how I am treated and regular promotions and decent annual hikes.

I am being paid 23.5 LPA starting April this year. I just wanted to know market slab for 10.5 years for being Mainframe Developer.

like

How much pckg I can expect from hsbc already holding an offer from capegemini with 20 lpa ? Having 8 years experience .

like

Hi all
I have 6.4 years of experience from which 1.2 years of Business Analyst, 4.2 years as .net development and past 1 years as Angular full stack Development. My current CTC is 10 Lakhs how much could I expect my market price for Angular development in new company.
Please suggest me

like

Hi, I am 7 yrs exp and servicing notice period. I have an offer with EY for 19 fixed rank 42.
One of my friend already in EY with lesser rank and getting 18.5 fixed

Whether joining with higher rank for almost same package is good or can I negotiate for more? If so how much I can go for?

Or should I go for other offers to counter them?

Domain: RPA

P.S: LTI is ready match the total offer as fixed (19+10%vp). Can I consider that when I have an offer with EY

like

Why is the basic salary offered by TCS is so less? Will taking an offer with lower basic salary cause any kind of issues either in the future or with other companies in the future?
Tata Consultancy

Post Photo
like

Hi All. Does anyone know the salary range for a senior control management specialist at Wells Fargo. 6yoe . Skills - Tableau, python, Sas.

like

Hi All,

Can anyone tell me the salary structure in IBM?
Compensation team told my variable will be 10 to 15% and there will be quarterly bonus depending on performance it seems?
Is this true? IBM

Best Regards

like

What should be expected ctc if current ctc is 6 LPA
Experience 2 years
Tech - Data engineering

like

I fishes i am working as a QA and i am looking for new job my YEO :1 yr 8 months with a ctc of 3:42 in December i have a apprsial . So what pacakage should i expect from the next company and when should i switch pease help me

like

What are you guys getting paid for 6 yoe in android ? GlobalLogic IBM Amazon Accenture Tata Consultancy

likefunny

does my current CTC match the current market trends? if not, what i should be ideally getting.

current org: KPMG GS
CCTC : 19.5 fixed + 20% var
YoE: 9
Tech: Data Analytics (Informatica/Alteryx/PowerBI)

like
like

Can someone share what should be the expected ctc for a cloud architect with 14 yoe from airtel x labs

like

Plz suggest, Mindtree C6 level, Sr Data Scientist role (YOE 15) Salary range?

like