Income Tax : In some cases companies extends loan facility to its employee for various purposes – like education, medical treatment, marriage...
Income Tax : As we all aware that the Public Provident Fund (PPF) is considered as most important and safe amongst all tax saving investments s...
Income Tax : Introduction PPF is money that will be yours forever. Knowledge of the different features of the PPF account will help you when yo...
Income Tax : Article explains When to withdraw money from PPF or take loan against PPF Deposit, Extracts of Public Provident Fund Scheme, 2019 ...
Income Tax : Meaning of allowance Allowance is generally defined as fixed quantity of money or other substance given regularly in addition to s...
Employees’ provident fund Provident fund scheme is as a retirement benefit scheme. Under this scheme, a stipulated sum is deducted from the salary of the employee as his contribution towards this fund. The employer also generally contributes simultaneously an equal amount out of its pocket to the fund. The contributions of employee and employer are […]
Dictionary meaning 1. A gain or profit incidentally made from employments in addition to regular salary or wages,especially one of a kind expected or promised 2. Casual emolument or benefit attached to an office or position in addition to salary or wages 3. Anything left over that a servant or other has by custom a […]
The Finance Act 2015 comes with many additional benefits for an individual assessee. Here an attempt is made to discuss all provision providing additional benefits to assessee by finance act. Particulars of Tax Benefits Exiting Provision Deduction / Benefit allowed Effective Date of Amendment Tax benefits under section 80C for the girl child under the […]
