When asked about his tax-saving investments, Nikhilesh Bajaj (name changed) happily said that most people in his office needn’t invest to save tax as major part of the salary structure in the organisation is reimbursement, which is tax free and hence he don’t have to pay any tax. However, he realised that savings and investments are important not only to save tax, when asked how he would survive after retirement as the organisation will not give any pension.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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