How to restructure salary, investments to cut income tax outgo by Rs 64,557

Under Section 80CCD(2), up to 10% of the basic salary put in the NPS on behalf of the employee is tax-free. TaxSpanner estimates that Patil can reduce his tax by almost Rs.65,000 if his company rejigs his pay structure to include some tax-free emoluments and he increases the contribution to the NPS to 10% of his basic salary.

from Tax-Wealth-Economic Times https://ift.tt/Z4qKPob