How to save income tax by rejigging your salary2 min read 25 Jun 2018, 02:35 PM IST
Effective use of salary components, such as leave travel allowance (LTA), house rent allowance (HRA) and reimbursement can help you save tax at the end of the year
Pune-based Divya Choudhary, 24, who works as a software engineer in a local startup focused on providing tech solutions to agriculturists, has been diligent about money since the time she got her pocket money. When she turned 19, she allocated her pocket money to different spends such as clothes, eating out and movies, etc. Her friends considered her an expert at it. But when Choudhary took up a job, she faced a new challenge—how to legitimately save tax and boost take-home pay?
Select your Category