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……..
tax-free
How new taxpayer Malavika can cut outgo by 96%
[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%
28% tax reduction using NPS and perks
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
Reducing Tax through restructuring salary, by opting for NPS
Reducing Tax through restructuring salary, by opting for NPS Mahesh Pandit is not paying a very high tax, but he can reduce it further. Taxspanner estimates that Pandit’s tax can be reduced by more than 80% if his salary is rejigged 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. Pandit should ask … [Read more...] about Reducing Tax through restructuring salary, by opting for NPS
