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Complete salaried tax plan
A CA plans your year: regime, deductions, HR declarations, ITR included.
- Price
- ₹999a year+ GST
- Time
- 48 hours
Step 1 of 4 · Information
Tap each one you already have
Ready0 / 7
- PAN
- Form 130 (old Form 16), last year
- Last 3 payslips
- AIS
- CTC or offer letter
- Investment, rent and loan papersOptional
- Broker tax P&L / CASOptional
Time: 48 hours
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We go through every income source and show your saving in rupees before you pay for filing. Most salaried people leave money in structure, regime choice or capital gains.
Questions people askSee detailsHide
How much tax can a HUF save: real numbers
- Facts
- HUF gets identical tax slabs to an individual. The savings come from splitting income, some income goes into the HUF's hands and is taxed at HUF level, reducing the individual's taxable income.
- Provisions and law
- Income Tax Act 1961, Sec 115BAC (now 202; new regime slabs)
- Analysis
- Example: Rental income of ₹6L/year. If in your hands (₹30L salary earner) → taxed at 30% = ₹1.8L tax. If in HUF's hands → ₹2.5L exempt, ₹3.5L taxed at lower slabs = ₹5,000 tax. Annual saving: ₹1.75L from one HUF move.
- Conclusion
- Rental income from HUF-owned property
- Capital gains from HUF investments
- Business income if HUF runs a business
- Interest on HUF bank FDs and investments
Tax Harvesting: Save ₹15,600 Every Year Doing Nothing
- Facts
- Section 198, Income-tax Act 2025 (old Sec 112A) gives you ₹1.25 lakh of equity LTCG tax-free every year. Most investors let this exemption expire unused. Tax harvesting: sell and rebuy on the same day. You reset your cost basis, book the exempt gain, and stay invested. Repeat every year.
- Provisions and law
- Sec 198 (old 112A); Budget 2024; No wash sale rule; Sec 11 (old 10(38))
- Analysis
- The annual saving: ₹1,25,000 exempt × 12.5% tax rate = ₹15,625 saved every year. Spouse does the same = ₹31,250/year. Over 20 years = ₹3.1L+ tax saving (excluding growth on saved tax). How to do it (same day, same fund): In February or March: sell units with > 12 months holding equal to ₹1.25L gain. Immediately rebuy same fund same day. Net transaction cost = 2× exit load (usually 0 on equity after 1 year) + 2× STT (0.1% each). Cost ≈ ₹250 on ₹1.25L. Tax saving: ₹15,625. Net gain: ₹15,375. When NOT to harvest: If holding period is less than 12 months → STCG at 20%. Harvesting STCG makes it worse. Only harvest LTCG (held > 12 months). Joint account tip: Sell in spouse's account too. Each gets ₹1.25L exemption separately. Total ₹2.5L exempt = ₹31,250 saved per year.
- Conclusion
- Identify holdings with LTCG (held > 12 months): check MF statement for purchase dates
- Calculate LTCG: (current NAV − average buy price) × units
- If LTCG < ₹1.25L: sell all of those units (full exemption unused)
- If LTCG > ₹1.25L: sell enough units to book exactly ₹1.25L gain
Tax Harvesting: ₹1.25L Annual LTCG Reset
- Facts
- The most underused legal tax saving in India. Every April 1, the ₹1.25L LTCG exemption resets. Sell equity MF or shares with up to ₹1.25L unrealised gain, book the profit tax-free, buy back immediately. Cost basis resets to current price. Do this every year: save ₹15,625/year in tax, permanently reduce future tax liability.
- Provisions and law
- Sec 198 (old 112A); No wash sale rule; STT on equity; Budget 2024
- Analysis
- Exactly how harvesting works: You hold HDFC Flexi Cap MF SIP since Jan 2022. By Feb 2026 (48 months = 4 years), unrealised LTCG = ₹2.8L. Step 1: Redeem units worth ₹1.25L of LTCG (you don't need to redeem all units, only enough to book ₹1.25L gain). Step 2: Immediately buy back the same amount in the same fund. Step 3: Your new cost basis is today's NAV. Gain booked: ₹1.25L, tax: zero (within exemption). Next year: fresh ₹1.25L exemption available. How much to redeem: Not the full portfolio. Just enough units to realise ₹1.25L of gains. If your average gain is 50% (bought at ₹100, now ₹150): redeem ₹3.75L worth of units → ₹1.25L is gain. Buy back ₹3.75L immediately at ₹150 NAV. Net cash outflow: zero (sell and buy same amount). Transaction costs: exit load (if within 1 year, avoid) + STT on sell (₹0.001% on ₹3.75L = ₹3.75, negligible).
- Conclusion
- Check holding period for all equity MF and shares in January: which positions are 12+ months old?
- Pull unrealised gains statement from broker or CAMS (filter: LTCG only, 12+ months)
- Calculate: how many units to redeem to book exactly ₹1.25L of LTCG (not more)
- Verify no exit load on the units being redeemed (held 12+ months → exit load usually nil)
HUF remuneration to Karta: salary deduction strategy
- Facts
- If HUF runs a business, the HUF can pay a reasonable salary to the Karta for managing the HUF. This salary is deductible from HUF income (reducing HUF tax) and is taxed as salary income in Karta's personal return, but only at their marginal slab. If the Karta's marginal rate is similar to HUF's, this is neutral. If HUF earns at 30% and Karta has low personal income, the shift saves tax.
- Provisions and law
- Income Tax Act, Sec 99 (old 64(2)) | Sec 40(b) for partnership context
- Analysis
- Reasonableness test applies, typically ₹5,000-₹25,000/month is accepted by AOs without question.
Complete salaried tax plan
₹999 + GST