Tax Escape

India
January 5, 2007 7:03am CST
Dear all.....I am newly joined in the an MNC...this is my first year for me to face the income tax...will you please help me how I can escape from it....I want to share your experiance....please help me....Thanking you all
1 response
@samson1967 (7423)
• India
5 Jan 07
Evading/escaping the Income Tax is a crime/cheating to our mother land. Instead you can plan for a Nil Income Tax... Take Insurance Policies and Invest on NSC'S etc... to make your tax Nil. Afterall it is good for you if you pay Tax. It will facilitate your Loan request, Registration and setting up a business. Once you realise the importance you will feel proud to pay your Tax.
1 person likes this
• India
8 Jan 07
Thank you... I mean to escape is to make income tax nill by giving proof of investments as you said like LICs, NSCs....I want to share your experiance in the investment plans where we can get good benifits
• India
8 Jan 07
Investing on Equities and mutual funds, will yeild good returns.
• India
10 Jan 07
In mutual and equities we get 100% rebate on tax....which companies you will prefere