Regarding Tax Saving Components In India
This query is : Resolved
Navjot Singh
(Querist)
03 March 2022
Hi All,
I have a query regarding tax saving components of Salary. My new company has given me the flexibility to define my own Salary breakup/Salary components.
Now I want to know what tax saving components can be included to save taxes.
I am not using HRA.
I am making the basic as maximum component so that my EPF contribution (12 percent of basic ) from Employer side is Tax exempted.
I am taking LTA of 60000 per year.
what other components can I include to save on taxes.
Regards,
Navjot Singh
I have a query regarding tax saving components of Salary. My new company has given me the flexibility to define my own Salary breakup/Salary components.
Now I want to know what tax saving components can be included to save taxes.
I am not using HRA.
I am making the basic as maximum component so that my EPF contribution (12 percent of basic ) from Employer side is Tax exempted.
I am taking LTA of 60000 per year.
what other components can I include to save on taxes.
Regards,
Navjot Singh
CA R SEETHARAMAN
(Expert)
03 March 2022
Opt new tax regime 115BAC pay lower tax without tax saving.
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