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...
LTC exemption

LTC Exemption : Seven Most Frequently Asked Questions Answered !

This site has already published an article stating how now the employer is responsible for checking teh veracity of the claim of exemption u/s...
self declaration

LTC on Self Declaration Without Any Proof is Taxable & Liable for TDS u/s...

Not long ago, there was news in major newspaper about LTC scam. Here is the news appeared in the media Central Vigilance Commission (CVC) has...
approved hospitals

List of Approved Hospitals For Medical Reimbursement Exemption

Who ever gets salary also get a relief on medical reimbursement u/s 17 if the treatment is done in approved hospital . Readers were...
pension

Pension From UK Government Exempt in India

Retirement pension is salary under Income Tax Act and many citizen of India who have given services to foreign government do get pension ....
loss from house property

How to Report Loss from House Property or Other Heads to Employer?

Loss from house property  is the sole hope for salaried employees to save tax on the loan borrowed for home and as such reporting...
leave salary

Exemption on Leave Salary in case of Resignation from Job Allowable ?

The receipt of leave salary is taxed as salary. ButsSection 10(10AA) exempts amount of salary received on account of balance of leave saved by...
NRE account

Is salary received in NRE account in India For services rendered outside India by...

Let us start with an example of a Non Resident Indian who is employed in a foreign country with a foreign employer. Because of...
LTC Tax Exemption

LTC Tax Exemption :10 Most Important Points Every Employee Should Know !

Leave travel concession or LTC is a benefit which most of the employee whether working for government or in private  sector claims every year....

Tax Payment by Employer Reduces Rent Perquisite !

Rule 3 of the Income Tax Rule provides the method of computation of perquisite in case of rent free accommodation given by employer to...