Articles by Khush Trivedi

ESIC Online Payment

Khush Trivedi 02 March 2024 at 11:47

ESIC i.e. Employees' State Insurance Corporation is one of the two main statutory social security bodies under the ownership of Ministry of Labour and Employment, Government of India, the other being the Employees' Provident Fund Organisation.

Capital Receipts and Revenue Receipts: Purpose, Taxability & Examples

Khush Trivedi 29 February 2024 at 15:36

In any business the basic fuel that requires to keep the business alive is only an Income or Receipts. As the important purpose of an economic activity is to earn money business is generating different types of revenues. We can bifurcate these Revenues or Receipts in two different categories i.e. Capital Receipts & Revenue Receipts

Leave Encashment Taxability

Khush Trivedi 28 February 2024 at 15:57

Employees can accumulate the un-utilize paid leaves till their retirement or resignation from the company & which compels the employer to compensate the unutilized paid leave of the employees. This concept is better known as leave encashment.

Transport Allowance: How To calculate it?

Khush Trivedi 27 February 2024 at 11:31

Transport allowance granted to an employee to meet his expenditure for the purpose of commuting between the place of his residence and the place of his duty is fully taxable