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rESTRUCTURE YOUR SALARY

To reduce tax, submit medical bills up to Rs. 15,000 which is exempt, and take advantage of non-taxable food coupons if offered by your company. When filing house property tax for multiple deemed let out properties, report the net annual value of the highest valued property to potentially lower your tax burden.

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Kandarp Desai
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24 views1 page

rESTRUCTURE YOUR SALARY

To reduce tax, submit medical bills up to Rs. 15,000 which is exempt, and take advantage of non-taxable food coupons if offered by your company. When filing house property tax for multiple deemed let out properties, report the net annual value of the highest valued property to potentially lower your tax burden.

Uploaded by

Kandarp Desai
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Two ways to structure your salary to reduce tax

1) Medical benefits ( to family, exempt to the extent of Rs.15,000 for F.Y.) To reduce tax a very effective method is to submit medical bills amounting to 15000.This helps to reduce tax 2) Taking food coupons Sodexho if available in the company because that is not taxable .

1 tip on saving on house property tax


If you have more than one LOP deemed to be let out i.e DLOP then in the tax submission show the net annual value of the property that is highest.

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