Taxinfo.inJul 30, 20186 minहाउस रेन्ट अलाउंस (HRA) एग्जेम्पशन – सेक्शन 10 (13A)क्या है हाउस रेंट अलाउंस (HRA) ? हाउस रेंट अलाउंस एक भत्ता है जो के एम्प्लायर अपने एम्प्लाइज को उनके घर का किराया चुकाने के लिए देता है ।...
Taxinfo.inJul 28, 20185 minBest Guide on HRA Exemption – Section 10(13A)What is HRA How to Calculate HRA Deduction Conditions to be satisfied for claiming HRA deduction Want your employer to take HRA deduction...
Taxinfo.inJul 15, 20182 minTaxability of Medical FacilitiesThe taxable value of medical facilities provided by an employer to his employee shall be calculated as under Treatment in hospital...
Taxinfo.inJul 13, 20182 minVoluntary retirement or separation – Section 10(10C)If an employee receives compensation(whether in one go or in instalments) on voluntary retirement or separation, Section 10(10C) provides...
Taxinfo.inJul 13, 20181 minRetrenchment Compensation – Section 10(10B)Retrenchment compensation received by an assessee shall be exempt of the least amount from the following. Actual amount received 5,00,000...
Taxinfo.inJul 13, 20181 minPension – Section 10(10A)Uncommuted pension i.e pension received in regular instalments is taxable for all employees. Commuted means to pay in one time rather to...
Taxinfo.inJul 13, 20183 minGratuity Exemption – Section 10(10)If Gratuity is received by any employee while in employment then it is fully taxable in the hands of employee. While if gratuity is...
Taxinfo.inJul 13, 20183 minLeave travel concession – Section 10(5)What is Leave Travel Allowance (LTA)? Conditions and Calculation for exemption of LTA Maximum amount of deduction Other Points to be kept...
Taxinfo.inJun 15, 20182 minFringe BenefitsFringes benefits taxable in case of all employees: – (1) Interest free or concessional loans from employer Taxable Value = Maximum...
Taxinfo.inJun 13, 20182 minTaxability of SalarySalary is taxed on due basis or receipt basis, whichever is earlier. Therefore if any advance salary is received which is related to...
Taxinfo.inJun 13, 20181 minAllowances TaxabilityFully Taxable Allowances: Dearness Allowances, City Compensatory allowance, Medical Allowance, Tiffin allowance, Servant allowance,...
Taxinfo.inJun 13, 20181 minLeave salary exemption – Section 10(10AA)If Leave salary encashment is received by any employee while in employment then it is fully taxable in the hands of employee. While if...
Taxinfo.inMay 15, 20183 minSweat Equity SharesIf the following conditions are satisfied, then value of sweat equity shares will be taxable in the hands of employee in the year in...
Taxinfo.inMay 15, 20183 minTaxability for Specified EmployeesSpecified Employees The following person shall be considered as specified employees: – An employee who is a director of company. An...
Taxinfo.inMay 13, 20183 minRent Free Accommodation – PerquisiteComputing taxable value in case of rent free accommodation or accommodation provided at concessional rate When accommodation is provided...
Taxinfo.inMay 10, 20181 minForm 12BB in Excel, PDF, Word and GuideForm 12BB in Excel Format Form 12BB in PDF Format Form 12BB in Word Format Form 12BB of income tax act is required to be filed with the...
Taxinfo.inMar 1, 20182 minHRA provisions in Circular 8/20135.3.9 Under section 10(13A) of the Act, any special allowance specifically granted to an assessee by his employer to meet expenditure...
Taxinfo.inFeb 17, 20182 minRelief when salary or family pension has been received in arrears or in advance – Section 89(1Relief is allowed under section 89 to a salaried person when Salary or family pension is received in advance Salary or family pension is...
