One such task is doing proper investments to take the tax deductions under the Indian Income-Tax Act 1961, if a taxpayer is under the old regime of taxation which includes investments in public provident funds, tax saver fixed deposits for the purposes of 80C deductions.
Tax treatment for gains made on investments through NPS Tier-II accounts ought to be similar to that of mutual funds, but remains a grey area in the absence of a formal government notification, say tax experts
The surcharge amount is calculated on the tax before adding a cess to it. It is levied to put a high tax burden on rich people. This is how you can calculate it.
Gifts of any kind received from relatives, gifts received under will or inheritance, gifts received on marriage and gifts received in contemplation of death are not taxable.