Articles

What is salary income, how to calculate tax?

22 Sep 2022
Abhijit Das

The points to be noted while considering the salary income.

HRA Exemption (House Rent Allowance)

22 Sep 2022
Chetan Kori

HRA is one of the primary components of the salary of a person.

EPF

22 Sep 2022
Faizahmed Solkar

EPF came into existence with the promulgation of the EPF Ordinance on 15th November, 1951.

Sec 10 exemptions

22 Sep 2022
Abhijit Das

Its income does not form part of total income.

Deductions from salary

22 Sep 2022
Gitanjali

Deductions are those expenses or investments which will be subtracted from your gross total income

All about form 16 details

19 Oct 2022
Chetan Kori

Form 16 is a TDS certificate issued by the employer to its employees.

Capital gain Taxation

19 Oct 2022
Amrita Thakur

A capital gain is any profit or gains derived from the sale of a "capital asset."

Different types of allowances

19 Oct 2022
Faizahmed Solkar

Different types of allowances are given to employees by their employers.

House Property

19 Oct 2022
Masira

House property means ‘any property consisting of any buildings or lands appurtenant thereto of which the assesse is the owner’.

Interest on Housing Loan

19 Oct 2022
Masira

interest on home loan is allowed as deduction if the loan is taken for the purchase, construction, repair, renovation of House property.

Gratuity

19 Oct 2022
Rishabh Agarwal

The maximum gratuity Tax exemption that an employee can avail is Rs. 20,00,000.

Taxation of NRI

19 Oct 2022
Manojit Das

This special provision for NRI is OPTIONAL, i.e. the NRI can chose to pay tax at normal rate applicable or at special rates.