Tax Saving Plan for Employed People

Employed people have less scope for tax savings compared to those who work alone. If you are currently employed, the income and benefits from and related to your employment are taxed and you cannot claim any deductions against employment income except that are specifically allowed by the system. If you are also into a business then you can get some tax-saving techniques here Here are some techniques that can cause the tax to save tax planning: • Arrange to get non-taxable benefits: There are some employee benefits that are not taxable like contributions to a registered pension plan, contributions to a group sickness or accident insurance plan, contributions to a private …..

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