Taxability of Attire/Uniform Allowance
Rule 2BB of the Income Tax Rules specifies the allowances paid to employees which are not taxable. One of the...
Read moreTaxability of fuel expense reimbursement to employees -Part II
In the previous post, we had a look at taxability of fuel expense reimbursement to employees for motor car provided...
Read moreTaxability of fuel expense reimbursement to employees -Part I
Organizations use “Fuel Expense Reimbursement” as a pay component for tax saving, particularly for members of middle and senior management....
Read moreBudget FY 2016-17 – Tax on Salary
A new tax year is about to begin and it is time to get ready to implement the budget proposals related to...
Read moreAn incentive scheme from the PF Department
If you thought that regulatory authorities are all about coercing us into submission by instilling the fear of punishment, you...
Read moreConflict between Section 15 and Section 192 of the Income Tax Act
According to Section 15 of the Income Tax Act, the following income shall be chargeable to income tax under the...
Read moreRemoval of grace period for PF remittance
While the deadline for Provident Fund (PF) remittance by employers is the 15th of the following month, the PF department...
Read moreThe Payment of Bonus (Amendment) Act, 2015
The Government of India has notified the Payment of Bonus (Amendment) Act, 2015, by way of a notification dated 01-Jan-2016....
Read moreHouse Rent Allowance (HRA) Exemption
Section 10 (13A) of the Income Tax Act along with Rule 2A of the Income Tax Rules provides for income...
Read moreTax Benefit is Available on Home Loan Interest, Even if Unpaid
As a payroll service provider, we verify the supporting documents submitted by employees when they seek tax benefit. If an...
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