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5 Tips to save income tax on your salary

Income tax is the most mandatory deduction on everyone’s earnings. Every citizen is supposed to deduct a certain amount from their monthly income, that part is called tax. Well, taxes are deducted according to the government norms and conditions. 

When there are hurdles, solutions are available next to you all you need to do is to find it out and use it accurately. If we talk about the House Rent Allowance i.e. HRA, which is the exemption from the tax deduction. Same way if you are donating any specific part of your salary to any welfare, it will also be considered as the exemption from the tax. If we talk about the leave travel allowance i.e. LTA it is also exempted from the tax. If we talk about the exemptions there are many legal lists, but here we are talking about the 5 Tips to save income tax on your salary. Here the easy and five most used and as the best option to save tax is been discussed. 

Provident Fund is also another option to get the exemption from the tax. There are 5 Tips to save income tax on your salary and that will be helpful to save your tax. The tips are real and genuine, which the government also considers while deducting the tax. One can use the convenient option from the given list of exemptions, can also take legal advice to follow it accordingly.

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