Taxability of accommodation provided by employer
Let us take a look at the tax rules governing accommodation provided by the employer – both when the accommodation...
Read moreForm No. 12BB – Particulars of claims by an employee for TDS on salary
Employers seek information on and proof of investments/expenditure from employees who wish to avail tax benefits each year. The benefits...
Read moreForm No. 24Q filing deadline change effective 01-June-2016
Currently (as of May 2016), the deadlines for Form No. 24Q filing are as follows: Quarter Deadline First quarter, ending...
Read moreSBI Lending Rates for Loan Perquisite Calculation – 2016-17
State Bank of India (SBI) has published the reference lending rates for the purpose of loan perquisite calculation for the...
Read moreTaxability of Attire/Uniform Allowance
Rule 2BB of the Income Tax Rules specifies the allowances paid to employees which are not taxable. One of the...
Read moreTaxability of fuel expense reimbursement to employees -Part II
In the previous post, we had a look at taxability of fuel expense reimbursement to employees for motor car provided...
Read moreTaxability of fuel expense reimbursement to employees -Part I
Organizations use “Fuel Expense Reimbursement” as a pay component for tax saving, particularly for members of middle and senior management....
Read moreBudget FY 2016-17 – Tax on Salary
A new tax year is about to begin and it is time to get ready to implement the budget proposals related to...
Read moreAn incentive scheme from the PF Department
If you thought that regulatory authorities are all about coercing us into submission by instilling the fear of punishment, you...
Read moreConflict between Section 15 and Section 192 of the Income Tax Act
According to Section 15 of the Income Tax Act, the following income shall be chargeable to income tax under the...
Read more