PROFESSION INCOME

HELLO

MY FREIND WORKS IN A COMPANY, INSTEAD OF SALARY HE TAKES PROFESSIONAL FEES BY ISSUING INVOCIE TO COPMANY. RS. 10,000.00 IS GIVEN EVERY MONTH AS BILL, THE EMPLOYER DULY CUT TDS AND DEPOSIT. HE HAS ONLY THIS MUCH OF INCOME DURING THE YEAR.

NOW THE QUESTION IS THAT TDS IS DEDUCTED AT 10.2%-10.33%, MEANS ABOUT 12000-13000 RS. OF HIS RECEIPT IS TAXED. HOW CAN HE SAVE THIS MONEY. IS THERE EXEMPTION FROM THE TAXATION TO SUCH INDIVIDUAL....

PLZ REPLY AT BEST.

THANKS