Reimbursements

We all have known that the India‚Äôs major income tax comes from the service sector employees who have been paying those taxes directly to the governments. So, Trutax would like …

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Exemption sec 10 CEA

To improve the literacy rate in the country, the government of India has launched number of tax exemptions that allows citizens of the country to reduce taxes on their incomes. …

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Deduction 80TTA

The Section 80TTA gives a derivation of Rs 10,000 on interest monetary benefit to a private and hindu unified family. underneath this segment the derivation is permitted on revenue achieved …

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Deduction 80D

Spending money for your health is the biggest investment in 2020, & COVID-19 made it almost compulsory to focus on it. But government of India has been promoting it since …

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New Provision Of Income Tax

Prime Minister’s announcement of 13th August 2020 comprises of reforms in respect of following four broad areas of work of Income Tax department: 1. Faceless Assessment Scheme, 2. Expansion of …

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What is Conveyance allowance in Salary Slip?

Conveyance allowance, also known as transport allowance, is a kind of allowance offered by employers to their employees to compensate for their travel expense to and from their residence and …

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What is other allowance in Salary and are tax free allowances?

The nine crucial components of your Salary Break-up Cost-to-Company or CTC The Cost-to-Company or CTC is the total amount that a company spends on you, directly or indirectly. It includes …

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