TDS on EPF

5 Reasons for No TDS on EPF or PF Withdrawal

The provident fund accumulation is exempt from tax , but those who have not completed five years of service, the withdrawal of provident fund...
pension

What Are The Types Of Pension Exempt From Tax?

It is well known that pension is taxable as salary and whereas family pension given to dependent family members after the death of employee...
crew member of foreign sailing

Many Crew Members of Foreign Sailing Indian Ships to Get Tax Free Salary Now...

This website had earlier posted about the BJP govt's. move to accept long standing demand of Indian shipping companies about the anomaly in treatment...
foreign ship

Salary of Crew of Foreign Ship Tax Free , Not Indian Ship !

T heIts really cruel taxation system that the  salary or remuneration of crew members of a foreign ship are tax free even if ship is...
salary of foreign employees

Salary of Foreign Employees Tax Free in Six Circumstances

The salary accrues at a place where service is given . As such salary received by the foreign citizens who are non resident and...
medical perquisite exemption

Medical Perquisite Exemption Simplified ! – Video

Medical perquisite exemption rules are easy to understand if you read section 17(2) of the Income Tax Act and relevant rules -Rule 3 and...

Is Compensation Awarded By Court Taxable?

Like to know if compensation amount decreed by the court on account of very delayed release of benefits by employer attract income tax. It...
salary

Do You Know Why Salary of Indians Employed on Foreign Ships is Tax Free...

You must have read the news that the demand of NUSI ( National Union of Seafarers of India ) that there should be level...
master servant relationship

Master Servant Relationship May Exist Between Director Cum Major Shareholder & The Company

Master servant relationship is most fundamental basis for treating a payment to a person by the employer as his salary. If the master servant...
PF Trust

Has Your PF Trust Lost Tax Exemption ? It Will Seriously Increase Your...

From 1st April 2014, certain types of Provident Fund Trusts and its member are going to have huge taxation problems, as listed below, on...

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