There are lots of choice to save the tax or cut the tax for any individual person who are working in a company. One of the ways to reduce tax is to by salary restricting, a person is doing many expensed owing to their job such as wearing a uniform for the sake of a job, travelling expenses for the office, buying newspaper to get a job. These are all the forced expenses and employer should pay for these things. Allowances, which allows to save tax are conveyance, driver, medical treatment, uniform, telephone & mobile, office entertainment and personality development. Next one it to save tax in payment of rent, in which people go to another city because of a job and paying rental amount. These expenses must be deducted from taxable income and employers have to provide some part of the remuneration as HRA (House Rent Allowance). This should subtract from the gross income of the employee and it will help to save tax.
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AuthorKervin Kupp Archives
April 2020
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