I am a salaried individual. I pay rent of Rs 8075/- per month. My yearly salary amounts to Rs 5 lakh but I do not have any investments or a LIP for that matter. Is there any way I can pay less tax than that I have been paying for past years?
Also when is the usual time IT deducts the tax is it at one go in one salary in march or on a monthly basis?
Jan. 09, 2018