Income Tax

Income tax is the main source of revenue for the government, which it uses to develop the country. The Income Tax Act states that...

Tax evasion is the malpractice of not paying taxes or saving them unethically. A tax amount is charged by the government on the income...

An allowance can be a fixed amount of money or a certain percentage of an employee’s gross salary which is given by the employer...

Several components are added to your net salary, and some of them are various types of allowances. Apart from the basic salary offered, allowances...

The Government of India levies different types of taxes on individuals as well as corporations. The authorities are continuously working to make the tax...

In a world of cutthroat corporate competition, it becomes vital for the companies to provide their employees with the best perks to retain them....

Before the Goods and Services Tax (GST) subsumed the indirect taxes to form a new tax regime in India, the excise duty was levied...

The tax collected from the citizens of a country is the major source of income for any government. To facilitate this, the government levies...

Wondering how and when you need to pay a gift tax? Whether there is a festival or celebration, gifts are integral to social life....

Corporate taxation is a tax regime that plays a crucial role in the world of business. Here, businesses are charged tax on their net...

When we hear the term ‘Indirect Tax’, the term GST clicks instantly but it did not come without a whirl of revolution in the...

If you are familiar with the concept of GST, then understanding Securities Transaction Tax (STT) could be a little easier for you. While you...