TAX SAVING PERKS
Chennai-based professional can save Rs 92,000 tax with NPS, other perks; here's how
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax saving: Gurugram-based professional can cut tax by Rs 37,000 with NPS, various perks
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
A guide to understanding tax benefits in digital insurance plans
Digital insurance plans are changing how we manage insurance, offering a convenient and efficient alternative to traditional methods. With these plans, you can buy, renew, and manage policies entirely online, saving time and effort. Beyond convenience, digital insurance plans offer tax benefits, helping you save money while securing your future.
How to lower tax burden: Patna-based PSU bank manager can cut tax by Rs 32,261 by tweaking salary structure
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax savings tips: NPS, new tax regime can save nearly Rs 1 lakh tax for this Hyderabad professional
Big tax savings are possible if his company offers Kumar the NPS benefit. Under Section 80CCD(2), up to 14% of the employee¡¯s basic salary put in the pension scheme is tax-free. This limit is lower at 10% of the basic salary for those who opt for the old tax regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Rent to parent, NPS could save Bengaluru finance professional up to Rs 1.8 lakh tax
TaxSpanner estimates that Rao can reduce her tax by Rs.1.8 lakh if she claims exemption for HRA, her company offers her the NPS benefit and her pay structure includes some tax-free perks. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
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Use NPS, salary perks to reduce tax by Rs 1 lakh
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Shifting to new tax regime could save Hyderabad techie Rs.62,000 in tax
Hyderabad-based software professional will get a higher basic exemption of Rs.3 lakh (Rs.2.5 lakh in old regime) and standard deduction of Rs.75,000 (Rs.50,000 in old regime). He will also get a higher deduction for NPS contributions through his employer. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
NPS investment can save tax in new tax regime as well; here's how
Under Section 80CCD(2), up to 10% of the employee¡¯s basic salary put in NPS is tax-free. This limit is higher at 14% for taxpayers like Roy who have opted for the new tax regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Will you pay lower tax in the new income tax regime
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
NPS helps save tax in new regime, how to invest
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How to save Rs 91,000 in tax using NPS, salary perks
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
ITR filing: Compare your tax outgo in old and new tax regime before finalising one for FY24
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. TaxSpanner estimates that Vivek Jaiswal can have a surplus of almost Rs.60,000 if his salary is rejigged to include tax-free perks and if he opts for the new tax regime. Here's how
How NPS, other perks can save Rs.1 lakh income tax
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Will you save more tax by opting for the old income tax regime?
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Use NPS, salary perks to reduce tax by Rs 1 lakh; here's how
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How to restructure salary, investments to cut income tax outgo by Rs 64,557
Under Section 80CCD(2), up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free. TaxSpanner estimates that Patil can reduce his tax by almost Rs.65,000 if his company rejigs his pay structure to include some tax-free emoluments and he increases the contribution to the NPS to 10% of his basic salary.
Tax-saving ideas: Do this to reduce tax to zero
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax-saving tips: HRA tax-free after rent to parent; how to reduce tax outgo by Rs 83,264
Gupta can reduce his tax by more than Rs.83,000 if he claims HRA exemption by paying rent to his father, if his company offers him the NPS benefit, and he invests more in the scheme on his own. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax-saving ideas: How to restructure your salary to reduce income tax outgo by more than Rs 1 lakh
Taxpayers can reduce their tax significantly by reformatting their salary. If companies restructure their compensation packages by replacing taxable emoluments with some tax-free perks, they can lower the tax liability of their employees. There are several such tax-exempt allowances, including food coupons and reimbursement of expenses on fuel and travel, newspapers and periodicals, phone and Internet. The taxable portions of the salary, such as the special allowance, can be reduced to make place for the tax-exempt allowance. Find out how to go about it.
Tax-saving tips: How to use NPS benefit from employer to save Rs 80,000 in tax
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
NPS, LTA, other perks can cut income tax by Rs 71,467; know how
Under Section 80CCD(2), up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free. Big tax savings are possible if your company gives you allowances such as LTA, gadget allowance. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How to use NPS, perks to cut tax outgo by Rs 1.2 lakh
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How to save Rs 60,000 income tax with home loan, NPS, other perks
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. You should also seek the NPS benefit under Section 80CCD(2), wherein up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free.
How to use NPS, salary perks to save more than Rs 90,000 in tax
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How NPS and other perks can cut tax by 54%
Under Section 80CCD(2), up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their income and investments.
How salary perks, NPS can save Rs 1 lakh in income tax
One reason for high tax is the low exemption for the HRA component in his salary. Up to 10% of the basic salary put in the NPS on behalf of the employee is deductible under Section 80CCD(2). There are some tax-free perks, such as reimbursement of newspaper expenses, meal coupons. Sudhir Kaushik of TaxSpanner.com tells readers how readers can optimise their tax by rejigging their income and investments
How capital gains, salary perks can reduce income tax by Rs 50,000 in a year
Under Section 17(2), gadgets and appliances bought in the name of the company and given to the employee for personal use, are taxed at only 10% of the value. Under Section 80CCD(2), up to 10% of the basic salary put in the NPS is tax-deductible. You can also replace some of the taxable allowances in your salary with tax-free perks. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their income and investments.
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