Under Section 80CCD(2), up to 10% of the basic pay put in the NPS on behalf of the employee is tax-free. You should ask for some basic allowances, such as reimbursement of telephone and newspaper bills, fuel expenses and LTA. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
from Tax-Wealth-Economic Times https://ift.tt/wICOBgl
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