Just got my first salary of ₹92k and my company's HR sent me a tax declaration form I don't understand at all. Nobody explained any of this. What do I actually need to know before I fill this out and submit it?
First job, first salary, first tax declaration form.
HR sent a form asking about HRA, 80C investments, home loan interest, LTA I don't know what half of these mean or which ones apply to me.
I rent a flat with two friends. No loans. No investments yet. Parents are not dependents.
I know if I fill this wrong, I'll either pay too much tax every month or get a nasty surprise at year's end.
Can someone explain what a first-time salaried employee actually needs to fill in this form and what I should be setting up right now to not waste my 80C limit this year?
u/Born_Cherry_8788 — 24 hours ago