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Mihir Tanna  |1059 Answers  |Ask -

Tax Expert - Answered on Feb 01, 2023

Mihir Ashok Tanna, who works with a well-known chartered accountancy firm in Mumbai, has more than 15 years of experience in direct taxation.
He handles various kinds of matters related to direct tax such as PAN/ TAN application; compliance including ITR, TDS return filing; issuance/ filing of statutory forms like Form 15CB, Form 61A, etc; application u/s 10(46); application for condonation of delay; application for lower/ nil TDS certificate; transfer pricing and study report; advisory/ opinion on direct tax matters; handling various income-tax notices; compounding application on show cause for TDS default; verification of books for TDS/ TCS/ equalisation levy compliance; application for pending income-tax demand and refund; charitable trust taxation and compliance; income-tax scrutiny and CIT(A) for all types of taxpayers including individuals, firms, LLPs, corporates, trusts, non-resident individuals and companies.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Adivirao Question by Adivirao on Jan 31, 2023Hindi
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how o reduce tax for the CTC of 30lac plus employees ?

Ans: For salaried employee, tax benefits are available if salary structure is designed by employer in such a way that maximum tax benefit can be availed as per income tax provisions. If salary structure is planned after considering normal spending on car, driver, attire (Uniform Allowance), Allowance for encouraging Academic Research and Professional pursuits, Newspaper and Periodicals, Conveyance allowance granted to meet the expenditure incurred on conveyance in the performance of duties of an office; it can reduce tax liability.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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