Did You Just Notice The Huge Amount Of Taxes Being Paid By You In This Financial Year?
Though a lot of time has already elapsed, you should not wait anymore to save taxes this year. With proof submission activity around the corner, this is the right time to work upon your tax savings for FY 2016-17 and accordingly plan your investments even beyond Section 80C. And that too after aligning them with this year’s budget.
TaxSpanner has a vast experience in tax optimization of salaried taxpayers. Over the last 8 years, they have helped thousands of their customers save lakhs of rupees every year. Times of India and CNBC Awaaz also trust their expertise in tax management. In his latest article in TOI and latest episode of ‘Tax Guru’, TaxSpanner’s CFO, CA Sudhir Kaushik guides the taxpayers on how to optimize tax through better planning of income and investments.
| Financial Year 2016-17 | Figures without Tax Optimization* |
Figures after Tax Optimization* |
Figures without Tax Optimization* |
Figures after Tax Optimization* |
| Gross Salary (₹) | 6,00,000 | 6,00,000 | 12,00,000 | 12,00,000 |
| Tax Payable (₹) | 46,350 | Nil | 1,90,550 | Nil |
| Tax Ratio (Tax Payable/Gross Salary) | 7.72% | 0.00% | 15.88% | 0.00% |
| Net Tax Savings (₹) | 46,350 | 1,90,550 |
In this context, tax experts at TaxSpanner can recommend you additional tax savings to the tune of Rs. 46,350* or Rs. 1,90,550* (depending on your Gross Salary) in this financial year. Below is a summary for the same:
