Use perks and Section 80C to cut tax

Bengaluru: Nearly everybody thinks that he pays too much tax. But in most cases the taxpayer does not make the best use of the tax benefits available to him. Sudhir Kaushik of Taxspanner tells readers how they can restructure incomes, investments and expenses to optimise their tax.

Ashok Kumar pays a very high tax because his salary is not very tax efficient and poor planning on his part. Taxspanner estimates that tax-free perks and full utilisation of the deduction under Section 80C can bring down his tax significantly.