3. Fittest Insurance Plans

According to the Indian government, insuring the employees is one of the must follow rules. Also, insurance coverage of the employees can contribute a lot in saving the tax of the company.

Most of the small business owners fail to see this positive aspect of keeping their employees insured. Most of the business owners do this, to keep extra expenses away from them. But this can get some serious problem to the respective owners, as it is not completely lawful.

4. Tax Redemption Benefits

There are many criteria, under which a small business owner can get extra advantages over taxes. At times, for the sake of saving a few portions, the small business owners prefer to keep some of the things hidden from the system.

While hiding some of the things from the system, these business owners also gets deprived from tax redemption benefits like: insurance, travel and meal allowances, etc. 

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