Home Economy Make the best of income tax gains: Revise your salary structure for better tax saving and simpler tax filing
Make the best of income tax gains: Revise your salary structure for better tax saving and simpler tax filing
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This can be done by eliminating the deductible allowances, such as House Rent Allowance (HRA), Leave Travel Allowance (LTA) under the old regime, and adding reimbursement components to reduce the documentation requirements for both the employer and employee.
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