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……..
April & May is the time when your company allows you to restructure your CTC which helps you to optimize your taxes and accordingly declare your investments. Moreover, your company has rolled out the New Pension System (NPS), now employees can save additional tax of up to 1-3% of their basic salaries. If a company puts 10% of the basic salary of an employee in the NPS, that … [Read more...] about Restructure your salary this week, save additional tax with NPS
Tax Optimization comprises of answers to the below mentioned questions: Why and how you should structure the CTC? Why and how you should plan for taxes in case of job change? Why and how you should plan 80C investments for next 5 & more years? Why and how you should avoid car and personal loans? Why and how you should plan for life insurance? Why and how you … [Read more...] about 30 Things that Tax Optimization Can Do for You