Sudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax. Here is what he means when he says "stop HRA, save tax" Sujeet Verma pays almost 10% of his take-home pay in tax because his salary structure is not tax-friendly. Though his company does not allow tinkering with the pay structure, Taxspanner … [Read more...] about Why Salaried Verma Should Get Employer To Stop HRA, Save Tax
Tax Optimization
Who is More Tax Efficient – a Salaried employee or a Consultant?
Tax implication of switching from being a salaried employee and a consultant and vice-versa. Often people consider changing status from salaried employee to a consultant status to reduce tax liability. Following are the queries: 1)What are the advantages and disadvantages of shifting from a salaried status to a consultant? a)Rate of TDS is lower for professional on higher … [Read more...] about Who is More Tax Efficient – a Salaried employee or a Consultant?
Khanna can cut tax outgo by 90% by investing in tax saving instruments
Aaryan Khanna, 26, has just started working and is totally clueless about tax matters. Though his salary structure is very tax-friendly, his company has already deducted a lot of tax because Khanna has not made any investments under Section 80C other than the mandatory contribution to the Provident Fund and a life insurance policy that his father made him buy. Taxspanner … [Read more...] about Khanna can cut tax outgo by 90% by investing in tax saving instruments
Trusted by the Most Trusted – SBI Prefers TaxSpanner
96 <!-- /* Client-specific Styles & Reset */ #outlook a { padding: 0; } /* .ExternalClass applies to Outlook.com (the artist formerly known as Hotmail) */ .ExternalClass { width: 100%; } .ExternalClass, .ExternalClass p, .ExternalClass span, .ExternalClass font, .ExternalClass td, .ExternalClass div { … [Read more...] about Trusted by the Most Trusted – SBI Prefers TaxSpanner
Expectations from Budget 2017
More incentives for use of digital money and broadening the taxpayer’s base Budget 2017. Budget 2017 - Demonetization was a very bold and politically risky move by Prime Minister Narendra Modi in the war against black money and tax evaders. It has been successful to a great extent, but more needs to be done to stop the further generation of black money. This is … [Read more...] about Expectations from Budget 2017
