What is the maximum limit of the annual salary package that doesn't involve payment of income tax?All of us don't like paying income tax. There is a set income limit below which income tax is not applicable. Also, there are different exemptions and relaxations, e.g., if the annual salary package is Rs.three lakhs only, then no income tax payment is involved.
What is the maximum limit of the annual salary package that doesn't involve payment of income tax?
Considering the slab rate of income tax deduction, will a salary offer of Rs. Ten lakhs per annum be better than a yearly package of Rs. Twelve lakhs?
Do all employees and companies pay income tax honestly? What are tricks used by the employees to evade the payment of income tax?