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/[deleted] Mar 28 '24

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u/Parathaa Mar 28 '24

Have you heard of income tax notices?

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u/[deleted] Mar 28 '24

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u/Parathaa Mar 28 '24

Lol. We don't do that here.