-
Income Tax for AY 2016-17 or FY 2015-16
This article talks about Income Tax Return for AY 2016-17 or FY 2015-16. This article talks about Tax slabs for Financial…
-
Encashing Earned Leaves : Exemption and Tax
How much of encashed earned leaves in taxable? This article answers the question by giving an overview of leaves to…
-
Salary of MLA in India
In our article Pay and perks of Indian MP, MLA and Prime Minister we had talked about Salaries of MP…
-
EDLI, Employee Deposit Linked Insurance Scheme
All employees who join the Employees’ Provident Fund are covered by the EDLI or Employee’s Deposit Linked Insurance Scheme, 1976. EDLI provides…
-
Salary,Allowances,Dearness Allowance,Government Salary, Pay Commission
What are the components of Salary, How is take home salary calculated? What are different kinds of allowances, what is…
-
Is Employer provided Medical insurance Sufficient?
Many employers today, offer a group medical insurance cover to their employees, which include the employees’ family members as well. Most…
-
The amount of salary disclosed in Income details/Part BTI is less than 90% of Salary reported in Schedule TDS1
I am filing ITR1 and filling the same salary mentioned in Form16(Income chargeable under the head Salaries(3-5)). But on submitting,…
-
Changing Job Scenario in IT
One of the biggest asset in finance is your earning power the ability to create the net cash flows which…
-
Should you Invest in NPS the National Pension Scheme for additional 50,000 and save tax
Finance Minister, Arun Jaitley, in Budget 2015-16 introduced an additional income tax deduction of Rs. 50,000 for contribution to the New Pension…
-
What is Gratuity? Formula for calculating Gratuity? How much of Gratuity is Tax free? Tax,ITR
After working in a company for 4 years,10 months and 11 days an employee is eligible for gratuity. Gratuity is…
-
Changing Jobs and Tax, Form 12B
People change jobs these days, unlike days of our parents when people joined companies and worked there till retirement. Changing jobs…
