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i wanna know wats flexible benefits in a salary like LTA,HRA,....etc and how can u tax plan in such a way in order to minimise ur tax payment?

2007-01-30 01:09:18 · 1 answers · asked by Hotsummers 2 in Business & Finance Taxes India

1 answers

From employer side - Applicable in India Only
1. Conveyance Allowance - Maximum of Rs. 800/month
2. Medical Allowance - Under Rs. 15,000/annum
3. Sodexho Meal Vouchers - Under Rs. 3000/month

There could be other allowances also but then the employer has to pay Fringe Benefit Tax on that which varies from 6.73% of the total allowance amount to 50%

From employee side - Personal Investments
1. Public Provident Fund
2. National Saving Certificate
3. Donations to registered institutions
and couple of more things but total should not exceed INR 1 Lac

2007-01-30 01:39:50 · answer #1 · answered by perfactionist 2 · 0 0

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