Tag Archives: tax saving tips

Taxability of the perquisite in the hands of employees towards the facility of motor-car, reimbursement of fuel expenses, etc., are discussed in this article. Hope this helps.   Car is used exclusively for official purposes – fully exempt Where the car is used exclusively in the performance of official duties, …

As part of the salary, many companies give meal vouchers (famous one is Sodexo coupons) to the employees. Are such vouchers free from taxes? Here are some points about it   Tea or snacks provided by the employer during office hours is exempt from tax   Meal or lunch allowance …

  House Rent Allowance (HRA) is an allowance (part of the salary) given by an employer to an employee to meet the cost of renting a home. HRA is a taxable receipt in the hands of the employee. However, section 10(13A) of the Income Tax Act grants exemption in respect …

The known fact is that the Interest Income on Bank Fixed Deposits is subject to Income Tax. The lesser known fact is that there are options through which you can save tax on Interest. We wouldn’t have thought about writing this article but for Mr. Sri Krishna’s query.  Mr. Sri …