Income Tax On Gratuity: Exemptions and Limits
Gratuity under the Income Tax Act, 1961, is a lump-sum payment made by an employer to an employee in recognition […]
How To Withdraw PF Online With UAN?
The Employees’ Provident Fund (EPF) is a retirement savings scheme governed by the Employees’ Provident Fund and Miscellaneous Provisions Act,
Leave Encashment Calculation: Formulas and Examples
Leave encashment refers to the payment an employee receives in lieu of unutilized earned leave. This lump sum payment is
Leave Encashment Tax Exemption: Formula, Examples and Tips
Leave Encashment is a benefit provided by employers that allows employees to receive a monetary equivalent for unused leave days.
SBI Withdrawal Limit Per Day: Know Your Daily Cap
Introduction to SBI and Its Banking Services The State Bank of India (SBI) is the largest public sector bank in
Registration Rules for Small Trusts and Institutions: April 2025 Amendment
Small Trusts and Institutions are non-profit organisations—charitable trusts, religious trusts, educational societies, and NGOs—operating with limited assets, income, or beneficiaries.
Differences Between Exemption and Deduction in Income Tax
Exemptions refer to specific income components excluded from taxation. For example, the House Rent Allowance (HRA) and Leave Travel Allowance
NRI’s Guide to Double Taxation Avoidance Agreement (DTAA) Benefit
Introduction to DTAA for NRIs Non-Resident Indians (NRIs) often earn income in multiple countries, which can lead to the issue
Old vs New Tax Regime: Which One Saves You More for FY 2024-25?
The Finance Act 2023 amended Section 115BAC, making the new tax regime the default option from AY 2024-25 (FY 2023-24
No More Nil TDS Deduction Certificates For Residents and NRIs
Nil TDS certificate is a document which is issued by the IT Department to offers relief to taxpayers both for
Income Tax For NRI In India: Tax Slabs, Filing, Exemption and Tips For FY 2024-25
Navigating income tax as a Non-Resident Indian (NRI) can be complex due to differing rules based on residency status, income
How To Apply for Nil or Lower TDS Deduction for NRIs and Residents?
Section 197 of the Income Tax Act, 1961 offers relief to taxpayers-both residents and non-residents Indians (NRIs)-from excess Tax Deducted