It is the time of the year when every one you know is on an investment spree. Reason being, it is time to submit proofs for tax saving investments. I have been signing these declarations for four years now, but still can not make head or tail out of it. Every year I resolve to invest on a regular basis all through the year, but some how the resolution fades away. And the panic button strikes in January.
Actually, I am never able to calculate how much tax will be deducted. Thankfully, this year the payroll guy in my organization is a little friendly and has told me exactly how much I need to invest. Alas, it too late! All the hard earned money went into holidaying, partying, watching movies, eating out... and for EMIs of the house that is still to be occupied!
Woes of a middle class + service class Indian citizen. Wondering why can't holidaying be tax free?
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