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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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 …
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Read MoreWhenever you get paid, a certain amount of income tax is automatically withdrawn (or withheld) from your paycheck and turned over to the IRS.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 …
Read MoreThe difference between claiming 1 and 0 on your taxes will determine when you will be getting the most money: with every paycheck or in one lump sum during tax …
Read MoreManagement Allowance If you think that your entire salary is taxable, then that is not true. The overall package, which is termed CTC, comprises many Management Allowance. While calculating taxes, …
Read MoreTaxable Allowance Taxable allowances are those allowances which are part of salary and are not exempted under any section of Income Tax Act. These are taxed as per the tax …
Read MoreTaxpayers are usually aware of deductions under Section 80C of the Income Tax Act for which they are eligible. However, it is noticed that taxpayers are unaware of taxability of …
Read MoreThe Income Tax Return filing procedure can be extremely tedious and time-taking, especially for first-time filers, but having all the documents ready before hand makes the job a tad bit easier. There are exactly …
Read MoreITR Form 1- This type of ITR form is also known as ‘Sahaj’. It is filed if you are an individual taxpayer. It is applicable if you: · Earn income …
Read MoreWhat are Annual Reports? An annual report is basically a comprehensive report on a company’s activities throughout the preceding year. It is a publication that public corporations must provide annually to shareholders to It …
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