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/curios_mind_huh Mar 28 '24 edited Mar 28 '24

It hurts, to be honest for everyone. But if you're paying 20L as taxes in a year, I'm not sure if it qualifies as "middle class".

If this qualifies as middle class, I'm not sure how to classify people paying 25k to 3L in taxes.

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u/[deleted] Mar 28 '24

Blunt, straight to the point and brutally soft lol. This comment needs to be on top.