At the end of each financial year, we struggle with tax-saving and search the different sources for tax-saving. Government offers income tax deductions to a salaried employee as an income tax savings option. We all want to save tax but most people don’t know about tax-saving investments and income tax exemption. We either hire a tax expert for tax planning or do it ourselves.
When your salary bracket increases over time, it becomes difficult to save tax. We invest in irrelevant investments here and there just to save tax without proper planning. There are tax deductions under various heads that include investment in NPS, ELSS, and EPF that one can deduct up to a certain limit to minimize the tax outgo. We have talked about all these in this video. This video will guide a salaried employee with income of Rs 21 lakhs about tax saving and tax planning. This is a perfect recipe for income tax planning, that will solve all issues concerning tax planning for the individual.
Salary Rs 21 Lacs, Zero Tax #salarytaxation #taxation #incometax #deductions #exemptions
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