Tax optimiser: HRA, NPS and perks can help Priyanka reduce tax by 66%

If Vijaykumar gets items (computers, furniture, AC, etc) worth Rs 60,000 in a year, her tax will reduce by around Rs 11,200. Vijaykumar has group medical cover, but her parents are not included. If she buys a medical plan for them for Rs 40,000, she can save Rs 8,300 in tax.

from Tax-Wealth-Economic Times https://ift.tt/JNrwEDZ