I have a decent annual compensation and even with investing 1.5L in 80c, 50k in NPS, 50k in medical insurances (80D), and 70k in HRA, my annual tax computation for this year is coming around 6.5L.
That's freaking too much and a considerable amount that government is taking as income tax. I get it it's for nation building, however this is a huge amount of money that is going to waste for which I'm working my ass of everyday.
Is there any otherway I can save on taxes ? I haven't yet bought home and I guess home loan would save some of the tax however, considering global recession and having a job in a field where you can be laid of anytime I don't want to bind myself with monthly EMIs.
Any other way to save on taxes ?
That's freaking too much and a considerable amount that government is taking as income tax. I get it it's for nation building, however this is a huge amount of money that is going to waste for which I'm working my ass of everyday.
Is there any otherway I can save on taxes ? I haven't yet bought home and I guess home loan would save some of the tax however, considering global recession and having a job in a field where you can be laid of anytime I don't want to bind myself with monthly EMIs.
Any other way to save on taxes ?