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Employee Tax Benefits In India

As an employer, you need to deduct tax before paying salaries to your employees. Income taxes help the government get the necessary funds for various projects. But did you know that there are several legal ways of saving money for your employees instead of them paying taxes?<br>Of course, there is no doubt that paying taxes is going to help everyone in the long run, but if you can help your employees save some money, wouldnu2019t it be great?

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Employee Tax Benefits In India

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  1. Employee benefits help individuals reduce their tax liability and save money

  2. 1 Gift Vouchers

  3. 2 Phone & Internet Bills

  4. 3 Medical Insurance

  5. 4 Meal / Food Vouchers

  6. 5 Leave Travel Allowance (LTA)

  7. 6 Book Materials

  8. 7 Fuel allowance

  9. 8 House Rent Allowance (HRA)

  10. 9 Allowance for children’s education

  11. 10 Allowance for uniform

  12. 11 Allowance for hostel expenditure

  13. 12 Employee provident fund

  14. www.koppr.in

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