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What if a 2 months old new employee need to submit tax proofs for tax excemption?
What you are asking is tax planning. Sit with a Tax Planner or a CA and explore all the options. My son and daughter in law are in that sort of tax bracket. I get pension and pay income tax on pension, interest, dividends etc. and am in the 20% bracket. I prefer to use PPF only for saving some tax. As a senior citizen, I get a few exemptions that are not available to younger people.
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Fill out PDF: All You Need to Know
This could be a factor if I want to move somewhere and take up work in my home country. As a retired woman, I do not pay state income tax on home rental property. What about my children? What about my adult children? What about children with adult children? If you do not buy an expensive car, you might get a tax break or rebate. What about other family members like grandchildren and great-grandchildren? Are you planning for your future and living beyond your retirement age? What About Savings If I Do Not Have a Home? I am the only resident in the household. I want a home. But I do not own a home. I hope no one asks me this — but I think I am better off without a home. So what do you do? If the answer is “homeownership” — then you will.