https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835443
legend101
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Any hra or home loan could work.
You can show you paid your parents rent. Also no pan required for payments under 10k a month
Regarding Tax saving
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My FY22-23 income is reaching 11.5 Lakh.
I have saved Rs2.5 Lakh in (Standard decduction 50K, NPS 50K, 80C 150K).
How do I save further taxes?
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835465
It is 8333 per month bro
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835495
You can save 25000 on health insurance premium of self and spouse and additional 25000 on health insurance premium of parents under section 80(D)
Also 5000 can be deducted for preventive health check up under section 80(D)
Also 5000 can be deducted for preventive health check up under section 80(D)
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8839972
That 5K comes under the overall 25K health insurance under 80D
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8836550
Are yaar bhai pro level ke log hai ham 😅
tm kis grah ke prani ho be
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835754
Does EPF Deduction, professional tax deduction come under section 80C ?
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835755
Does EPF and professional tax deduction come under section 80C ?
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835775
Epf is under 80c, professional tax is extra
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8835946
Tell me one thing if owner is not giving pan for hra can i claim in income tax filing later by giving rent agreement proof
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8836011
not if rent paid is more than Rs 10000
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8836043
you can donate to AAP and save tax
you may get into trouble with that rental saving trick, IT is very advanced now
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8836118
Yes rent is tracked both ways now you shd be legit in that case yeh govt tax loot loot ke mar hi degi
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8836151
Start employer nps also, will help save 10%of basic salary. Not a much but surely another 50k to lac will be saved for next year.
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8839984
There is 10K to be deducted under 80 TTA also for interest earned from all the savings account.
I won't recommend unnecessarily increasing such exemptions/deductions just to avoid tax.
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8841031
Donation to political party
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8841084
Ask HR to issue you food vouchers / sodexo coupons from a part of your monthly salary - those are taxfree ( i guess )
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8849036
You can plan to utilise LTA before the end of financial year.
Home loan can also help you save tax.
Tax saving will result in either in expenditure or investment, without these two options it is difficult to save tax (legally 
)
My suggestion would be try to reduce you tax liability and come in lower slabs, rather than thinking to go below 5L , which will be increasingly difficult from now on as your salary would increase from here on.
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8924723
any other tweaks for further savings?
one can decide on legality on their own 😜
one can decide on legality on their own 😜
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8908380
In case income is from other sources (not salary) any interest paid by you (personal loan, credit card EMI, etc.) can be deducted from it while filing returns. Interest received (from FD, etc.) is treated as positive income and interest paid is treated as negative income for taxation purposes. Not sure about processing fees - I think they are treated as purchase (of service)
https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8920121
Dont give wrong info.
Interest Deduction is allowed in case of money is used to buy Home or Invested into Business. Plus one has to prove that money was used for the purpose as claimed...
Always avoid such malpractice in todays world where Govt can track everything.
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https://www.desidime.com/discussions/regarding-tax-saving?page=1#post_8919819
If you have taken money from any one ( Family / Friend ) and Pay them Interest ( & get back from them in cash ) And show this entry as Interest towards Loan taken from XYZ. This will reduce your taxable income. ( Ask your ca for best guidance )
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