Tax and creativity
With tax filing deadline approaching soon, I wanted to know how are people saving taxes and what are the best things to ask while joining a company to avoid tax. These are few things I have heard, in case anyone has done this please enlighten.
- Join full time but be a on-paper Consultant and get taxed at 10%
- Ask for higher component of HRA
- Ask for higher amount on books and periodicals (how does this help)
- Political party play (Though this is evasion I belive) 😅
Any ideas with approximate amount you can save? Or any risky tax saving which worked out?