The increase of income tax burden from perks provided by the employer:-

There are many perks provided by the employers to employees in addition to the salary.

The perks offer by the employers are:-

• Club Memberships
• Employee stock options
• Housing allowance
• Vehicle
• Personal attendants
• Company lease house

Some of the perks provided by the employers are taxable and some are exempt as per income tax rules.Perks can be reimbursements of expenses such as for telephone, medicines and treatment, fuels, books, and journals.These perks are fully exempt from tax.

Reimbursements for medical expenses can be up to Rs.15000 while there is no maximum amount of cap for the telephone as it totally depends on the company.

Many firms provide interest-free loans and loans on the concessional rate which is totally taxable.

 Car allowance:-

There is an amount of cap in case of transport allowance for commuting between home and office which is an exemption from tax for up to Rs.1600 per month.

Concessional education:-

If the free or concessional education provided for any family member of the employee then the amount of expenditure is totally incurred by the employer.

Company lease house:-

If the company provides a house on lease to the employee the value of the perk will be 15% of the salary or the actual amount of lease rental paid by the employer,  whichever is lower.

 Use of assets:-

If the employee is using the movable assets which are owned by the employer then the perquisite will be charged at 10% of total cost of the asset.Laptops and computers do not come under this category.

BEST TAX SAVING INVESTMENTS:-

1.      Prime Minister Awas Yojana (PMAY)

Under the Prime Minister Awas Yojana (PMAY), Govt. has announced slab based subsidies can actually save Rs 2.4 lakh for any first time home owner, if he is earning less than Rs 18 lakh per annum.This applies for those, who opt for a home loan spanning at least 20 years. As of now, this subsidy is present only for those who are earning less than Rs 6 lakh.

2.      Mutual Funds

• We provide an advisory service which identifies investment goals & risk tolerance and provide customised scheme recommendations based on these preferences. 
• We ensures that investors capitalise on schemes which will help them realise their dreams earlier and faster.
• We provides investors access to a vast library of news, views, updates and statistics related to mutual fund schemes and everything else that impacts them.
• We also provides intelligent measures to empower the investor with expected savings, past performance of schemes, wealth calculators and retirement planning.
• With this detailed level knowledge at their disposal, investors can make a well-informed decision on the right schemes to invest.

3.      Sukanya Samriddhi Scheme

• Sukanya Samriddhi Scheme is one of the best investment options available today. It not only offers lucrative returns to the investor but is also a tax free investment option. It was launched as a part of Beti Bachao Beti Padhao initiative to promote welfare of women in India.
• Maximum of 2 accounts can be opened in public sector banks & post offices by the parents/legal guardian for 2 different girl children only (3 accounts in special case).
• Minimum deposit of Rs. 1,000 & maximum deposit of Rs. 1,50,000 per year is allowed via cheque/DD/cash.
• Rate of interest is 8.6% p.a.
• Interest income and amount received at the time of maturity are tax free.