Tax optimiser: How salaried Tushar can save Rs 1.3 lakh tax via perks, NPS Not only should you ask your employer/company for the NPS benefit, but you should also invest in the scheme on your own. You can reduce your tax outgo significantly. Hyderabad-based software professional Tushar Ranka pays a very high tax because his pay structure is not very tax friendly. … [Read more...] about How salaried Tushar can save Rs 1.3 lakh tax via perks, NPS
Sinha should start by asking her company for a few tax-free perks, such as reimbursements for telephone and newspaper bills and food coupons. Mumbai-based software professional Shweta Sinha pays a low tax because her salary structure is quite tax friendly. But it is possible to reduce it further. Taxspanner estimates that Sinha can reduce her tax by almost Rs 30,000 … [Read more...] about Tax optimiser: Why Sinha should invest in NPS to save more tax
Tax optimiser: How salaried Sharma can save Rs 11,400 tax via tax-free perks The medical and transport allowances in Sharma’s pay are now taxable. If these are replaced by reimbursements for telephone expenses and food coupons, he stands to save more in tax. Pune-based automobile engineer Vijay Sharma has a very tax-friendly salary structure. He has also utilised most of the … [Read more...] about Tax optimiser: How salaried Sharma can save Rs 11,400 tax……..
A guide to save tax for NRIs and optimize their tax outgo. Ever since India embraced globalization in the early 1990s, a large number of Indians have moved to foreign countries for work. Moving abroad also changed their tax status. Any Indian who stays in the country for less than 182 days in a financial year is categorized as a non-resident Indian (NRI). The tax rules for NRIs … [Read more...] about How NRIs can win the Tax 20-20
Among the many things Prime Minister Narendra Modi is likely to talk about in his fourth Independence Day speech this month is a proposal to change a 150-year-old practice that goes behind fixing India's Budget and much of your financial planning. He may push for a January-to-December fiscal year instead of the current financial year — from April to March — that was adopted in … [Read more...] about Why PM Narendra Modi wants India to dump a 150-year-old financial habit