These 5 best options to avoid tax avoidance in 2018, this is the formula
INCOME TAX JANKARI 2018 ALL GOVT KARMACHARI. Income from salary is the sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance. Some components of your salary are exempt from tax, such as medical reimbursements, telephone bills reimbursement. If you receive HRA and live on rent, you can claim exemption on HRA. Calculate exempt portion of HRA, by using this HRA Calculator.Every year a large amount is deducted in tax, but you can save tax adoption in many ways. Today, we are giving you 5 options for 2018, through which you can save tax
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Life insurance policy is not only secured by your futures, but also saves you tax. You can take an insurance policy with any insurer who is insufficient by the Insurance Regulatory and Development Authority of India. Tax Benefit based on Saxon 80 C is available in it. You can claim maximum amount up to Rs 1.5 lakh.
Transport allowance is given to employees as part of their salary to meet travel expenses from residence to work & back. Starting financial year 2015-16, limit of exemption on transport allowance is 1,600 per month or Rs 19,200 per annum. For example - if you receive Rs 2,000 as transport allowance every month, Rs 1600 shall be exempt from tax and remaining Rs 400 per month or Rs 4,800 per annum shall be taxed as salary incomeTag Line : education department gujarat, gujarat
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