Question 1

How can I save tax in India?

Accepted Answer

You can save tax through various deductions under Section 80C (PPF, ELSS, EPF), 80D (health insurance), HRA exemption, NPS contributions, and home loan interest. ShapemyTax provides personalized recommendations based on your income profile.

Question 2

Which is better - Old Tax Regime or New Tax Regime?

Accepted Answer

It depends on your deductions. If you have significant deductions (80C, HRA, home loan), Old Regime may save more tax. If you have minimal deductions, New Regime with lower rates might be better. Use our tax planning tool to find out which suits you.

Question 3

What should I do if I receive an income tax notice?

Accepted Answer

Don't panic. Read the notice carefully to understand what information is being requested. Note the deadline and respond within time. If unsure, consult a CA. ShapemyTax can help you understand and respond to tax notices.

Question 4

How much does ITR filing cost?

Accepted Answer

ITR filing costs vary based on the complexity of your income sources. Contact ShapemyTax for a free consultation and quote based on your specific situation.

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