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Save Maximum Tax on Salary by Simple Salary Framework

A salary framework that be capable cur back you taxes. As It must be obvious by now, drawing a straightforward salary will result in the maximum tax liability for an individual. To save taxes, it is important to consideration in other components of compensation, that force benefit in saving taxes. So next time you negotiate your compensation with your employer, keep the following points in mind: HRA: Through HRA it is possible to save maximum .....

5 Steps to Get Income Tax Refund Faster

Every person wants to get their refund faster, to get refund faster you need to follow these steps. Do tax Planning as early as possible. Assess your tax liability before the end of the financial year. So you can plan your investment accordingly. (Calcuate Income Tax) Declare your investment to your employer so that they can deduct the correct amount of tax on your salary. Mention Bank Micr code and Bank account number correctly. Check .....

How to Deduct Tax at Source (TDS) on Salary Step by Step

How to Deduct Tax at Source on Salary Step by Step Step 1Gross Salary (including salary received from former employer, if details are submitted) and the value of benefits or perquisites or amenities provided free of cost or at concessional rate to the employee. Step 2Deduct the receipts which are exempt from income tax under Sec.10, such as, leave travel concession, gratuity, commuted pension, leave salary, retrencment compensation, payment on voluntary retirement, house rent allowance, .....