Save Income Tax : wiser ways of saving income tax

For preparing calculative and fast income tax, you should to keep records of all the receipts and bills in a systematical manner. Like this, you can do more changes in the expenses, for the next year to save your tax.

The employers of the company or office can keep the record of their official traveling expenses like costs to go to seminars, conferences, cost of hotels, airfare, taxi charges, car rental, parking, toll tax etc. All these expenses are 100% deductible.

The health expenses of workers are also included as it helps to save your tax. These medical expenses are deductible and you can transfer the non-deductible health expenses into legitimate business expense.

For saving the income tax, entertainment is one another option. Earlier, there was no deduction on entertainment sources. But now it has approved and through entertainment sources, you can reduce income tax.