Salary Components: The Ultimate Tax-Saving Hack

If employees focus on structuring their salary components, not only can they maximize their take-home salaries, but also minimise the income tax burden.

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)

I have 10 years of experience in SEO, Digital Marketing, Content Marketing, and have knowledge in topics like tax, HR, Recruitment & Staffing. When I’m not doing what I do, I suit up, flick the ignition on my bike, and hit the road. But soon enough, I’m back doing what I do best — researching, writing, marketing, and optimizing the content & website.

Get Connected with HR Trends


    1. comment-author

      Is the Newspaper and Journal Allowance also a non-taxable part in salary Structure? If yes, then what is the permissible limit for its non-taxability.

      1. comment-author
        Rishabh Ranjan

        Hi Deepak,

        For newspaper and journal allowance, an amount up to Rs 12,000 per annum is tax-free against submission of bills.

      1. comment-author
        Rishabh Ranjan

        Hi Narasingh,

        We suggest you take the utmost advantage of the tax exemptions made available under the IT Act. You could consult a finance professional who would be better placed to help you save taxes.

    Post a Comment

    Your email address will not be published. Required fields are marked *

    Subscribe For Newsletter

    Subscribe to get the latest news and happenings around recruitment space

    Please hold while we process the request.