Till two months ago, the word tax meant nothing to Supriya Rao. Just one year into her first job, the 24-yearold IT professional was earning a modest salary of Rs 48,000 a month, which meant that her net taxable income after deductions was below Rs 5 lakh and therefore, escaped tax completely. But things changed when Rao took up a new job in February at a salary of Rs 85,000 a month. “When I declared my previous income to the new company, they told me to invest Rs 65,000 more under Section 80C or ..
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