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New Income Tax Slabs

In the union budget for financial year 2009-10, the Finance Minister has announced new tax slabs. General Till 1,60,000 – 0% 1,60,001 – 3,...

The balance sheet is one of the key financial statements of a company and is of particular interest to an existing or prospective shareholde...

In a landmark ruling, the Supreme Court has said that employers are not under any statutory obligation to collect supporting evidence and fu...

Investing in real-estate, or more specifically, on a house or flat, is something that interests the salaried class very much. Though the sce...

When cost of living skyrockets, smart ways to plan one’s pay packet to reduce his tax outgo and maximize his take home salary becomes releva...

LTA can be availed twice in a block of 4 years. The block is defined by the government. The current block is 2006 – 2009 and is based on cal...

In the union budget for financial year 2008-09, the Finance Minister has announced the new tax slabs. General Till 1,50,000 – 0% 1,50,000 ...

Riding on a buoyant economy and making the most out of it with respect to direct taxes, the revenue department may consider reviewing direct...

For salaried individuals, the conveyance allowance or transport allowance is exempt from taxation up to Rs. 800 per month while he earns in ...

It’s a common misconception that the tax exemption a person gets for paying house rent is equal to the HRA component of his/her salary. And ...