The Employees’ Provident Fund (EPF) is a retirement savings scheme for salaried employees in India.
ENTERTAINMENT ALLOWANCE
Entertainment allowance under income tax is a tax deduction that is available to government employees.
STANDARD OF DEDUCTIONS
Standard deduction is a flat deduction that can be claimed by individuals from their taxable
BASIS OF VALUVATION
The basis of valuation under income tax is the fair market value of the asset
PRIVATE SECTOR OF OTHER EMPLOYEES
The term “private sector of other employees” under income tax refers to employees who are
CENTRAL AND STATE GOVERNMENT EMPLOYEES
The income tax treatment of central and state government employees is the same as for
VALUVATION OF RENT FREE UNFRINISHED ACCOMNMODATION
The valuation of rent-free unfurnished accommodation under the Income Tax Act, 1961 depends on the
VALUVATION OF RENT FREE UNFRINISHED ACCOMNMODATION
The valuation of rent-free unfurnished accommodation under the Income Tax Act, 1961 depends on the
VALUATION OF PERQUISITES
Perquisite is a benefit or an advantage that an employee receives from his/her employer over
AMOUNT OF EXCEMPTION
The amount of exemption under income tax in India varies depending on the taxpayer’s age