Monday, 25 May 2015

A Comment on How to reduce your tax burden

My Comment on an article "How to slash your taxes by Half" published in the Dated 23/05/2015 at 3:25 pm.

"Very smart and good advice here by this author on cutting your tax liabilities. 

Ask your employer to reduce your special allowances and instead use that amount for paying contribution towards National Pension schemes and convert some of the allowance into monthly food coupons. 

Take the National Pension Scheme membership and put some money into your health Insurance policy, etc. which are not taxable. 

In this way you are able to save a lot of income-tax."

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