Tax Refunds

How new taxpayer Malavika can cut outgo by 96%

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[row] [column lg="6" md="12" sm="12" xs="12" ] [thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/07/tax-0-thinkstock.jpg"] [/column] [column lg="6" md="12" sm="12" xs="12" ] Malavika Anil is 27 and works in Bengaluru. She has not done any tax planning yet and her only tax saving investment is the mandatory PF contribution. As a result, her tax … [Read more...] about How new taxpayer Malavika can cut outgo by 96%

Don’t ignore these incomes while filing your tax return

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[row] [column lg="6" md="12" sm="12" xs="12" ] [thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/07/tax-thinkstockthinkstock-1.jpg"] [/column] [column lg="6" md="12" sm="12" xs="12" ] Nobody will raise an eyebrow if you give incorrect information to a tax adviser. Many readers who write in for tax advice to ET Wealth don’t mention interest … [Read more...] about Don’t ignore these incomes while filing your tax return

28% tax reduction using NPS and perks

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Gaurav Das earns well, but nearly 14% of his salary goes in tax. Taxspanner estimates that Das can reduce his tax by almost 28% if his pay structure is revised to include more tax-free perks, he opts for the NPS benefit offered by his company and invests more in the scheme on his own. Das should start by asking his company to offer some common tax-free perks such as … [Read more...] about 28% tax reduction using NPS and perks