SC Judgment on Provident Fund : Applicability on employers/ employees

SC Judgment on Provident Fund : Applicability on employers/ employees Hello friends, earlier I wrote an article on Understanding recent SC Judgment on deduction of PF of special allowances. From

How to save tax on Salary Income

How to save tax on Salary Income The Income Tax Slab rates have been kept unchanged by the Finance Minister for the Financial Year 2018-19 (Assessment Year 2019-2020). Tax planning

Gratuity and Its Features as per Payment of Gratuity Act 1972

Gratuity and Its Features as per Payment of Gratuity Act 1972 Have you ever taken a closer look at your salary slip? If yes, you must have observed that It

Understanding recent SC Judgment on deduction of PF of special allowances

Understanding recent SC Judgment on deduction of PF of special allowances Hello Friends ! Here is the basic analysis of Supreme Court’s Land Mark Judgment in matter of Regional Provident

PF is applicable on basic salary plus all allowances : SC

PF is applicable on basic salary plus all allowances : SC Supreme Court’s Judgement is given below for reference: The appellants with the exception of Civil Appeal No. 6221 of 2011, are

FAQs on Salary Income

FAQs on Salary Income What is considered as salary income? Section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is

Income Tax Department Issued Cautionary Advisory to salaried taxpayers

Income Tax Department Issued Cautionary Advisory to salaried taxpayers Centralized Processing Center, Bengaluru Income Tax Department Advisory Bengaluru,16th April, 2018 Sub: Cautionary Advisory on Reports of tax evasion by under-reporting

DUE DATE for issuing Form 16 extended

  DUE DATE for issuing Form 16 extended  As per Income tax rules,  Form 16(salary certificate) for salary deductors is required to be issued on a fixed date i.e. 31st May;

Leave Travel Allowance (LTA) Exemption under Section 10(5) read with rule 2B

Leave Travel Allowance (LTA) Exemption under Section 10(5) read with rule 2B: All of the salaried employees wants to know about LTA as LTA is the generally included in the

Leave Travel Allowance (LTA) Exemption under Section 10(5) read with rule 2B

Leave Travel Allowance (LTA) Exemption under Section 10(5) read with rule 2B Last updated March 27, 2017 Leave Travel Allowance (LTA): All of the salaried employees wants to know about LTA