How to make your salary more tax efficient?
Lack of tax management often leads to high disappointment of the earner as their seemingly fat salary gets reduced significantly. And giving away the hard earned money would make anyone wince. This video will discuss about the following allowances which can help you structure your salary to make it more tax efficient –
1. House Rent Allowance or HRA
2. Leave Travel Allowance or LTA
3. Corporate Attire or Uniform Allowance
4. Conveyance Allowance
5. Medical Expenses Reimbursement
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For more information on how to design a Tax Friendly CTC for employees, click on the following link – https://www.hrblock.in/blog/design-tax-friendly-ctc-employees-2#video
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H&R Block is the world’s largest Tax Service provider company with over 800+ Million tax returns filed worldwide annually. It is the largest tax services provider for individuals and businesses in India with a strong focus on client satisfaction.
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H&R Block provides services of Individual Income Tax Filing, U.S. Expat Tax Filing, Business Tax preparation and GST Managed Services.
Services offered by H&R Block for Individuals:
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We help individuals in income tax e filing. eFiling income tax return is mandatory for all individuals with taxable income to remain compliant as per income tax act of India. Income tax return filing due date is 31-July every year.