Tax Savings Guide for Salaried Employees
There is one word that has become a fear factor for any salaried employees – tax. While the underlying reason for the implementation of taxation might be understandable, it still doesn’t mean that letting go of one’s hard-earned money becomes easier. After all, the fact of the matter is that there are many expenses that need to be taken into account, and tax-savings is a major one when it comes to calculating the overall savings. This calls for employees to figure out the best course of action that can be taken to facilitate a certain level of tax-savings . Keeping this in mind, here are some of the most common ways through which one can save taxes! 1. Tax-Saving Fixed Deposit: Opening a fixed deposit account is highly recommended for many reasons. From assured returns to risk management, there are many benefits that can be enjoyed by going for this method. However, when it comes to the topic of tax savings, there’s one form of fixed deposit account that can help in ach