Sunday, September 10, 2023

NPS and other tax-free perks can cut income tax by Rs 1 lakh

Under Section 80CCD(2), up to 10% of basic salary put in the NPS is tax deductible. One can also ask his/her company for common tax-free perks, such as LTA, reimbursement of newspaper bills and meal coupons. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their income and investments.

from Tax-Wealth-Economic Times https://ift.tt/BjW1LHn

No comments:

Post a Comment