Income Tax

Gross salary is based on distinct grounds, unlike net salary. If you look closely, you will find a multitude of differences between these two...

It is a well-known fact that the tax paid by citizens is crucial for the development of the Indian economy. In addition to this,...

When it comes to filing taxes and returns, we recommend that you file them on or before their specified due dates. Income tax return...

Initially, the return filing process concluded only after sending the ITR V to the Centralised Processing Centre (CPC) through the post. Eventually, the process...

Medical emergencies are something that always comes unannounced, causing a major hit in your life and this is when medical allowance comes into the...

Nothing could be as trustworthy as a Joint Bank Account when sharing. While joint accounts have several advantages since they give equal access to...

Taxes are a subject of a nightmare for many. However, you have to pay it anyway to avoid non-compliance and hefty penalties associated with...

After the recently announced hike in Dearness Allowance (DA), Central Government employees could be in for some more good news. The house rent allowance...

It is a must for employers to pay salary to their respective employees where the major components of salary are calculated by taking up...

Are you a Non-Resident Indian (NRI)? If so, then the Double Taxation Avoidance Agreement (DTAA) could be of great help to you. Any NRI...

A salary is an amount given by the employer in return for the services delivered by the employees. This is a fixed amount of...

Tax credit is the excess amount of tax deducted from the total tax amount payable by any individual. It balances the total payable tax...