How much money the Budget saves you

If your annual salary is Rs 5 lakh, you don’t gain by an increment of Rs 15,000, because your tax bill at this level would be Rs 15,000, so you’re effectively back to Rs 5 lakh. One way toget around this is to get a part of the increment in reimbursements to stay within Rs 5 lakh.

from Times of India http://bit.ly/2sYtfYW