How to Save Tax on Your Salary & Perquisites
Synopsis
Your take-home pay depends both on your gross salary and how your pay package is planned. You can easily reduce your taxes and raise your take-home pay if you know which perk is taxable and which is not. For instance, which is more advantageous - a medical allowance, a medicare policy or medical reimbursement? In how many ways can you reduce tax on house rent or accommodation allowance? And so on. Here is the complete salary and perquisite planner for both employers and employees by India's leading taxation expert. Mr. Lakhotia shows how the take-home pay or any employee can be subtantially increased through proper tax planning of salary and perks - without any additional burden on the employer. Do you know the that following perks are tax-free? Books for office' allowance, Attendant provided by an employer to help you perform official duties, Expenses for maintaining personal office at residence, Medical treatment abroad, Company-paid family holiday, Interest-free loan from your employer.
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