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An allowance is a financial advantage given to workers to satisfy certain needs or to reward their contributions and hard work. One type...

Navigating the changing tax landscape has proven to be challenging for the media and entertainment industry. Consumer preferences change...

Advances are sums of money received before the delivery of goods or services. The time of supply rules determines when taxpayers must pay...

It is necessary to invest money when starting a firm to keep it afloat. There are some expenses that you have to handle on a monthly,...

A taxpayer has the opportunity to file a complaint with the tax department if they are having trouble understanding any problems with...

In India, the Employees' Provident Funds Organisation administers the Employee Provident Fund (EPF), a retirement benefit plan. Employees...

The Government of India has introduced a number of saving plans with the goal of encouraging financial literacy among the populace. The...

Claiming House Rent Allowance (HRA) is one of the most effective ways for salaried employees to reduce their taxable income. However,...

Taxpayers in India often seek ways to optimize their taxable income, and two common tax-saving tools for salaried individuals are House...

A common question many taxpayers have is whether they can claim HRA while living with their parents. Since HRA is meant to cover rent...