Sunday, July 7, 2024

How to cut income tax outgo by Rs 45,000 with NPS, gadget allowance

Under Section 17(2), gadgets and household appliances bought in the name of the company and given to the employee for personal use are taxed at only 10% of their value. 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/r8eUulJ

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