Learn how to restructure income, investments and expenses to optimise your tax outgo

In this new section, Taxspanner.com will advise readers on how to restructure their income, investments and expenses to optimise their tax outgo. The suggestions given are based on provisions in the prevailing tax laws and could change if the rules are amended.

Dhruv Bhatia, 26, works for a small company that does not offer Provident Fund but allows him to structure his compensation package. His annual cost-to-company is Rs 7.2 lakh. Here is how he can bring down his tax to zero by packing in more tax free allowances into his salary.