If you are a salaried individual you might have heard of Leave Travel Allowance or LTA. This is sometimes also referred as Leave Travel Concession or LTC. LTA or LTC is a very important component of your salary and you can save some of your taxes, if you avail the benefit in a correct manner. … Read more
In a recent amendment,the Income tax department has tightened the procedure for claiming tax exemptions and deductions by the salaried class. It was a common practice of employees to provide fake receipts to the employers for claiming various exemptions like LTA,LTC and HRA etc. But,now CBDT has announced a new standard form 12 BB for the … Read more
Through this blog we will make you aware of few Tax saving options for salaried people.In simple words, you will get to know few simple tips on How to save Income tax on salary ? Are you a salaried person,worrying about your hard earned money ? Have you done proper tax planning in the previous year? Did you … Read more