Your employer can help you reach a zero-tax income level of Rs 5 lakh: Here's how Here are six benefits that can help the salaried bring down the taxable component of income from the employer. Salaried taxpayers are eligible for many tax-advantaged benefits. Here are six benefits that can bring down the taxable component of the income from the employer. … [Read more...] about Your employer can help you reach zero-tax income level of Rs 5L
Income & Investments
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 optimiser: How salaried Karthik can save Rs 1 lakh tax via perks, NPS Hyderabad-based software engineer Ganesh Karthik pays a high tax because his pay structure is not tax friendly. House rent allowance is the only tax-free portion of his salary and that too gets partially taxed. Taxspanner estimates that Karthik can save almost Rs 1.1 lakh if he gets some tax-free … [Read more...] about Tax optimiser: How salaried Karthik can save Rs 1 lakh tax via
A guide to save tax for NRIs and optimize their tax outgo. Ever since India embraced globalization in the early 1990s, a large number of Indians have moved to foreign countries for work. Moving abroad also changed their tax status. Any Indian who stays in the country for less than 182 days in a financial year is categorized as a non-resident Indian (NRI). The tax rules for NRIs … [Read more...] about How NRIs can win the Tax 20-20
Among the many things Prime Minister Narendra Modi is likely to talk about in his fourth Independence Day speech this month is a proposal to change a 150-year-old practice that goes behind fixing India's Budget and much of your financial planning. He may push for a January-to-December fiscal year instead of the current financial year — from April to March — that was adopted in … [Read more...] about Why PM Narendra Modi wants India to dump a 150-year-old financial habit