How to Save Taxes on "Salary and Perquisites"

How to Save Taxes on "Salary and Perquisites"

It is a misconception that unlike businessmen or a self-employed professionals, salaried employees have little scope of saving taxes. The scope of obtaining benefits in the form of various exemptions and deductions house property, dividends and other sources for salaried person is the same as in the case with any other assessee. We will consider some special methods by which salaried employees can, within the framework of the Income Tax Act and Rules, plan their perquisites in a manner such that they can save income tax. Here we demonstrate certain specific types of such cases of tax planning by which a salaried employeecan save taxes.


·        Salary – The Definition
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·        Employees Stock Options
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