Tax on EPF Withdrawal India’s Employee Provident Funds (EPFs) play a crucial role in financial planning for retirees, especially for salaried individuals. Tax benefits can be obtained under certain...
How to Calculate Gross Salary or CTC You would have heard terms like gross salary, net salary, and CTC. These terms might be confusing, especially if you’re in the...
ESOPs: How They Work, Benefits, Costs, and Tax Implications ESOPs, or Employee Stock Ownership Plan, is a program that provides a company’s workforce with an ownership interest in the...
Income Tax Exemption on Gratuity Gratuity, a benefit provided by employers to employees, has recently undergone a significant amendment. The maximum tax exemption limit for gratuity has been increased...
Standard Deduction for Salaried Individuals in New & Old Tax Regime Taxation often feels like a complex puzzle, but understanding the basics can make a world of difference, especially...
Income Tax Allowances and Deductions Allowed to Salaried Individuals Salaried employees are the backbone of the country’s taxpayer base, making significant contributions to tax revenue. Income tax deductions offer...
Leave Travel Allowance The Income Tax Act offers several tax benefits to employees, like house rental allowances and deductions on interest paid on house loans. The LTA is one...
EPF vs. PPF vs. VPF EPF vs PPF vs VPF : In India, there are three major retirement plans for employees: the Employees Provident Fund (EPF), the Public Provident...
HRA:House Rent Allowance Did you know there are benefits to paying rent as a salaried employee in India. House Rent Allowance (HRA) is an exemption from the government What...
Is Stipend income taxable? You just landed your first internship and received your first stipend , but now you’re worrying if stipends are taxable. This is a topic of...
