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Leave encashment tax relief is not restricted to one job in a year. Every organisation divides the leaves that can be taken by an employee in casual leave (CL), sick leave (SL) and paid leave (PL) and credits them to their account annually. While the CLs and SLs lapse after the year ends, PLs are...
CBDT has now inserted amendment to provide that any person receiving any income from any fund set up by is employer for the welfare of its employees to meet the cost of annual medical tests or medical check-ups of the member, his spouse and dependent children shall also be tax free as per section 10(23AAA)...
Let us take example of a Non Resident Indian who is giving services outside India and receives salary in his NRE account situated in India . The A.O tries to tax such salary on the ground that since salary has been received in India , it should be included in total income of assessee as...
Perquisite by an employer tales many form and there is endless tussle between employer, employee on one side and tax department on other side as far as taxability of the tax paid by the employer in the hand of employee is concerned.In fact there is almost necessity to pay tax on behalf of expatriate employees...
Disability deduction u/s. 80DD of the I.T Act for expenses on maintenance ,nursing or medical … [Read More...]
Deduction u/s 80D of the Income Tax Act provides relief to tax payer by allowing a deduction in … [Read More...]
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