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
tax saving tips
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……..
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
(As Published in Times of India and Economic Times on December 27, 2010) Financial planners contend that couples should ideally combine their finances. The meshing together of the investments of the husband and wife not only strengthens the household's financial fibre but gives them a comprehensive view of the real situation. However, the taxman has set limits to this joining … [Read more...] about How To Cut Tax By Investing In Spouse’S Name