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……..
(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
Form 16 is basically a detailed statement of salary paid and tax deducted for an individual in a year. It is issued by the employer and contains information like TAN and PAN of the employer which might not be readily available with you. If it is Form 16 that you have been awaiting till now for filing your returns, then there is a good news for you - you do not have to depend on … [Read more...] about No Form 16? You Can Still File Your Return!