Tax optimiser: Vaswani can use NPS to reduce tax by Rs 34,000

Vaswani should also ask his company to change some components of his pay. A gadget allowance of Rs 25,000 (where the employee is taxed for only 10% of the value of items purchased in company’s name) will reduce the tax by around Rs 4,600.

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