In order to claim relief under Section 89(1), you are required to submit Form No. 10E. As a salaried employee, you may receive some arrears or advances that are taxable in the year they are received.

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You may find your job fulfilling, but at the end of the day, you work to earn a living. That income provides a roof over your head and food on your table. Here’s a look at how to calculate your ...

You may find your job fulfilling, but at the end of the day, you work to earn a living. That income provides a roof over your head and food on your table. Discover More: Salary Needed To Achieve the ...

Gratuity is a financial benefit provided to employees as a token of appreciation for their dedicated service. Governed by the Payment of Gratuity Act, 1972, it is a crucial component of financial ...

The 7th Pay Commission (CPC) introduced the index of rationalisation which means that the minimum pay has been increased to 18,000 per month and the starting salary of a newly recruited employee at ...

In the realm of personal finance and taxation, one essential aspect that employees must understand is the calculation of Tax Deducted at Source (TDS) on their salary. TDS is a method of collecting tax ...

Gross income is your total compensation before taxes or other deductions. If you think of yourself as a business, your gross income is your top-line revenue. The one thing you won't need to do in ...