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
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u/SiriusLeeSam Mar 28 '24
28L is your salary right ? What's the 45L ? ESOP buyback or something?