Categories: Tax

Tax Exemptions: Tax will not be levied on salary up to Rs 12 lakh, know what are the rules?

Income Tax Savings: According to income tax rules, tax can be saved if tax deductions and tax exemptions are used properly. However, for this you will have to keep your salary structure in such a way that the tax scope is not high.

Income Tax Savings: Want to save tax and can’t think of anything else. With increasing salary, tax burden is also increasing. In such a situation, what should be the tool so that the salary does not come under the tax net or can save the tax completely? So now is the time for your financial planning. Planning plays the entire role in tax saving. Believe me, if the planning is correct then there will be no tax on your earnings i.e. salary. Means zero tax. Let us know how.

Take advantage of reimbursement

According to income tax rules, tax can be saved if tax deductions and tax exemptions are used properly. However, for this you will have to keep your salary structure in such a way that the tax scope is not high. Apart from this, you can avail more benefits from reimbursement.

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