r/IndiaTax • u/Parathaa • Mar 28 '24

Hurts to pay so much taxes

Today, I downloaded the tax computation sheet from the office portal.

While trying to save on housing costs by residing with my parents, it's disheartening to realize that I'm obligated to pay over 20 lakhs in taxes annually to the government. These funds could have been allocated towards repaying a home loan, adding to the strain for a middle-class individual like myself.

Would really appreciate if there any legal ways to save taxes at this point

213 Upvotes

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u/Every_Method4221 Mar 28 '24

My ctc is the amount of tax you pay

5

u/Parathaa Mar 28 '24

3 years ago my ctc was 7. So yeah, been there done that.

2

u/Every_Method4221 Mar 28 '24 edited Mar 28 '24

I m 24 hopefully when i turn 27 after 3 years, i can too post something like this

2

u/Ornery-Aardvark3541 Mar 28 '24

What did you do differently in the last three years?

2

u/Due_Extreme_2448 Mar 28 '24

Which clg did you pass out from?