I am changing my job and joining a company as a consultant. I will be earning 30 lakhs per annum in Maharashtra. Which route should i opt for, being a permanent employee and paying normal tax - or shall i come under PRESUMTIVE TAXATION. Will i be able to save more tax by coming under Presumptive ? Would appreciate if you can show me the taxation difference until 80 C under both normal as well as presumptive. Will the company need to deduct any GST/Service Tax before transferring the salary to me.
CAclubindia
