Hacks To Save TAX for Employees

[mkate]

What are some hidden, unconventional hacks used by CAs to save tax for salaried employees?

 

[ShavirB]

One of the biggest Hacks used by CAs

 

[MAJIDUR58]

You can save tax through tax planning, suggest to enroll a course LLA present tax planning for salaried person.

 

[Prateek.cnb78]

You can save tax through tax planning, suggest to enroll a course LLA present tax planning for salaried person.

+1 I have also done this course by CA Anoop sir. Its truly awesome course

 

[mkate]

Is it good practice to fake LTA & 80G? I've heard some CAs do that to save taxes for salaried people.

 

[MAJIDUR58]

Is it good practice to fake LTA & 80G? I've heard some CAs do that to save taxes for salaried people.

Tax planning and tax erasing two different things. Avoid all types of tax erasing.
I give one trick, you can pay rent your parent and claim HRA.

 

[Chitra Thakre]

I will try to give me some suggestions for tax saving, and not tav evading
1) pay rent to your spouse or parents and claim HRA
2) opt for employer NPSb- this will help you in new tax regime as well
3) health and life insurances

 

[mkate]

I will try to give me some suggestions for tax saving, and not tav evading
1) pay rent to your spouse or parents and claim HRA
2) opt for employer NPSb- this will help you in new tax regime as well
3) health and life insurances

NPS has a huge lock-in period.

 

[Chitra Thakre]

That lock in period is the USP, NPS as a product is designed for retirement only

 

[ahesartamboli]

You can purchase ELSS TAX saving fund 1.5LAC for (3year lock in period ) with good return

 

[ahesartamboli]

You can purchase ELSS TAX saving fund 1.5LAC for (3year lock in period ) with good return

80c deduction