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Budget 2022: What Is WFH Allowance That Employees Are Expecting?

Union Budget is round the corner and the expectations are high. Each sector has their own set of demands or wishes for the benefit of their business. Salaried class is not a sector but it is associated with every sector is ...

Your Take Home Pay Shall Fall From April Next Year: Know All

Beginning next fiscal year, private sector employees would have to bear with the cut down in salaries as employers would need to re-adjust their salaries as per the new wage rules. The new compensation rules as part of the Code on ...

These Companies Are Offering Work From Home Allowance For Internet, Electricity Bills etc.

Amid the lockdown with more safety conditions in home towns being less populated, majority of Indian workforce drifted back to their home town and now with work related task being accomplished effectively, many companies are even considering or even have announced ...

Salaried Class: Keep Travel Allowance Receipts Or Be Ready To Pay Tax

As per the recent High Court ruling, it shall be in the interest of salaried class who get travel allowance for their official visits either in the home or foreign country to keep travel expenses related receipts handy as else it ...

Transport Allowance Tax Exemption Hiked from Rs 800 to Rs 1,600

In the Union Budget 2015, presented by Finance Minister Arun Jaitley increased the Transport Allowance limit from Rs 800 to Rs 1,600 in a month. Allowances are fixed periodic amounts, apart from salary, which are paid by an employer for ...

Which allowances are exempted under the Income Tax Act?

Allowances are fixed amount of money given in addition to salary by a employer in order to meet some specific requirements of the employee. Three types of allowances are there:- taxable allowances, fully exempted allowances and partially exempted allowances. Allowances ...