Despite being on the job since 1997, I have absolutely no clue of why my salary structure is the way it is, how can it be different, and most importantly, how much is my tax liability and how can I cut it down.
I just received my tax statement from my employer, according to which I have paid about Rs. 27,000 this month. Unfortunately, there is more damage headed my way. Over the next two months, my employer will cut another Rs.70, 000 from my salary in two equitable installments.