Month: November 2023

The basis of valuation under income tax is the fair market value of the asset

The income tax treatment of central and state government employees is the same as for

The valuation of rent-free unfurnished accommodation under the Income Tax Act, 1961 depends on the

Perquisite is a benefit or an advantage that an employee receives from his/her employer over

Entertainment allowance is a tax under income tax deduction available to government employees under Section

Income from other sources is one of the five heads of income tax in India.

House rent allowance (HRA) is a component of salary that is paid to an employee

Section 10(10) of the Income Tax Act, 1961 provides for exemption from tax on gratuity

Section 10(10) of the Income Tax Act, 1961 provides for exemption from income tax on

Gratuity is a payment made by an employer to an employee on the termination of