Reimbursements
We all have known that the India’s 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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We all have known that the India’s major income tax comes from the service sector employees who have been paying those taxes directly to the governments. So, Trutax would like …
Read MoreHouse Rent Allowance, is a part of the service sector for people who are living in rented space. Being part of a salary, HRA is an exception as it is …
Read MoreTo 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. …
Read MoreAlmost all of us sometimes in our lives opt in for charities or doing a thing for a society. It’s a commendable thing to donate to a cause that you …
Read MoreThe 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 …
Read MoreSpending 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 …
Read MorePrime 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 …
Read MoreConveyance 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 …
Read MoreThe 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 …
Read MoreWhenever you get paid, a certain amount of income tax is automatically withdrawn (or withheld) from your paycheck and turned over to the IRS. The number of allowances you claim …
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