6. ESOPs TAX: Employees are made share holder of the organization’s share with Employees Stock Options . These shares are issued free of cost or at a concessional price to the employees in the organization to promote the company’s growth.

The employee needs to pay the capital gain tax on the difference in the sale price and cost price on which he paid the tax. The government has to revive the plan again in order to attract the companies for ‘Make In India Campaign’ effectively.

7. Section 80TTA: Section 80TTA is introduced to provide interest received on deposits up to 10,000 in a saving account held with banks. With an intention to provide relief to small tax payers it was introduced in the financial year 2012-13. If the limit can be increased to 15,000, then it will be of great help to the individuals to earn a higher interest.

Read More: Best Tax-Saving Options to Look Out For

Finance Commission Suggests Higher Share To States In Central Taxes