Sankaran Narayanan, 34, works for a company that lets employees restructure their salary structure. TaxSpanner estimates that the Bengaluru-based professional can reduce his tax by nearly Rs 45,000 if he puts more into the NPS and buys health insurance for his family. Narayanan should start by asking his company to put 10% of his basic pay in the NPS under Section 80CCD(2d). If … [Read more...] about Narayanan to put more in NPS, buy family health cover to cut tax
Income & Investments
Your Compounded Tax Savings till Retirement
Tax filing season 2016 has just started and you could already be looking for the free filing options to save a few hundred rupees. Free filing options may look attractive. However, they do not guide you on how you can save tax to create a secure future for your family. For example, if your current age is 30 years and you would retire at 60 years, your compounded Tax Savings … [Read more...] about Your Compounded Tax Savings till Retirement
NPS Can Help Staff Get 1-3% More at No Extra Cost to Cos
TAX ADVANTAGE Employees can save additional tax of up to 3% of their basic salaries if companies roll out the New Pension System HR managers and CFOs struggling to retain talent without escalating wage costs might get help from an unlikely source this year. If companies roll out the New Pension System (NPS), their employees can save additional tax of up to 1-3% of their basic … [Read more...] about NPS Can Help Staff Get 1-3% More at No Extra Cost to Cos
