
Form 16 makes tax filing easy for salaried individuals as it gives them all the necessary details like salary income…
There are some common salary elements like basic pay, HRA and conveyance that almost all companies have in their employees’…
A well-thought-out investment plan with tax saving in mind not only saves your hard-earned money but also helps you conform…
The tax department has enabled these forms with pre-filled data on the e-filing portal this year earlier than usual. Previously,…
Tax planning is a vital part of the financial journey throughout one’s career and during the post-retirement phase.
Income which is accruing or arising or deemed to accrue or arise in India is also taxable in the hands…
Leave Salary Encashment Limit Hike: The CBDT has notified the increase of the leave salary encashment limit for non-Government employees…
Budget 2023 expectation: Section 80C of the Income Tax Act should be divided into six major segments with separate investment/deduction…
Budget 2023 Expectations: From a tax-free slab of Rs 5 lakh to a higher exemption limit under Section 80C, herw…
Income Tax on Severance Pay: Severance pay is provided by the employer to the employees in the event of termination…
The rules as regards carry forward and encashment of leaves differ from company to company. Let us discuss the taxation…
How is tax calculated on gratuity payments to employees? Gratuity tax calculation rules 2022: Salaried employees are entitled to gratuity…
The taxpayers can claim the income tax exemption, which is available on a few of the salary components given either…