Nimesh Desai has hired two employees to run his sweet shop. However, without his wife assisting him in his business, he would have found it tough. His two children had also been chipping in whenever they can. But, last year, when Desai was asked by his tax consultant whether he pays salary to his wife and children, he was at a loss for words. "It had never crossed my mind. In fact, it was good to know that I was within my rights to pay my family members a salary that they actually deserved," he says. He was equally surprised when he was told that he would save a great deal on his tax outgo. "The tax benefit was an added advantage," adds Desai. And, this year, he is in a position to reap the rewards of 'hiring' his wife and children when he files his income tax return.
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