If your annual salary is Rs 5 lakh, you don’t gain by an increment of Rs 15,000, because your tax bill at this level would be Rs 15,000, so you’re effectively back to Rs 5 lakh. One way toget around this is to get a part of the increment in reimbursements to stay within Rs 5 lakh.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2sYtfYW
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