The amount that is left from your salary after fulfilling your income tax responsibilities is known as disposable income. A person may save, spend or invest this income. It is also known as the … READ FULL STORY
Income in India is divided into different parts for simplification of taxation. Section 14 of the Income Tax Act clarifies the types of income in India. Types of income under Section 14 of … READ FULL STORY
Income tax is calculated for salaried individuals based on different tax slabs. Salary refers to the remuneration an employee receives from a company for the work done during a specified period. It is essential … READ FULL STORY
Salary arrears are treated as salary income in the income tax return. They are taxable in the year of receipt of this income. Hence, if past dues are added to your salary for the … READ FULL STORY
Gross salary, cost to company and take-home salary, are not just different names for salaries. There is a lot of difference between these three, about which we would learn in this guide. CTC … READ FULL STORY
What is reimbursement? Compensation for an already-made monetary transaction is called a reimbursement. This is made by a company to an employee. An employee receives reimbursement when he makes the payment for a service … READ FULL STORY
To meet the high costs of living in rented accommodations, employers pay house rent allowance (HRA) to their employees. India’s income tax laws also provide benefits to people who do not own a house … READ FULL STORY
The rental housing market has many options, available at various rates. Consequently, it may be difficult for a prospective tenant to figure out how much to spend as rent. The answer to this, depends … READ FULL STORY
Labour secretary M Sathiyavathy, on February 8, 2017, clarified that the payment of workers’ statutory dues in the construction sector, is the sole responsibility of the principal employer. Addressing the 42nd Annual Day celebrations … READ FULL STORY
