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“Tax Rules for Salaried NRIs: Save More with Expert Guidance”

Tax Implications for Salaried Non-Resident Indians (NRIs): A Complete Guide Non-Resident Indians (NRIs) earning salaries often face unique tax obligations. While they are not taxed on their global income in India, any income earned or accrued in India is

“Partner’s Salary Taxation Rules: A Complete Guide for Businesses”

Taxation of Partner’s Salary: Income from Salaries or Business and Profession? Partners in a partnership firm often receive remuneration for their services to the firm. However, the tax treatment of a partner’s salary is a subject of confusion for

Tax Implications of Salary Paid by Foreign Companies in India: All You Need to Know

In today’s globalized world, many individuals are employed by foreign companies while living and working in India. If you are receiving salary payments from a foreign employer, it’s important to understand how these earnings are taxed under Indian tax

“VRS Tax Benefits: Claim Exemptions Under Section 10(10C) Easily”

Voluntary Retirement Scheme (VRS): Tax Benefits Under Section 10(10C) The Voluntary Retirement Scheme (VRS) is a benefit offered by employers to employees who choose to retire before the standard retirement age. It helps organizations restructure their workforce while offering

Leave Encashment Tax Benefits: A Complete Guide for Retirees

Leave Encashment: Tax Benefits on Retirement Leave encashment is a common benefit provided to employees for unused leave days accumulated during their service. The Income Tax Act, 1961, provides specific exemptions for leave encashment, especially at the time of

Complete Guidance on Taxation on Regular and Commuted Pension

Pension Taxation: Regular vs. Commuted Pension Pension serves as a financial safety net for individuals after retirement. While it provides security, it also comes with tax implications. Under the Income Tax Act, 1961, pension income is taxed differently based

Gratuity Taxation: Exemptions and Limits Under Section 10(10): Complete Guidance

Gratuity Taxation: Exemptions and Limits Under Section 10(10) Gratuity is a monetary benefit provided by employers to employees as a token of appreciation for their long-term service. Under the Income Tax Act, 1961, gratuity payments are partially or fully

Motor Car Perquisites: Valuation and Taxation: A Complete Guidance

Motor Car Perquisites: Valuation and Tax Implications Motor cars provided by employers are a common perk for employees, especially in managerial or executive roles. However, under the Income Tax Act, 1961, these motor car benefits are treated as perquisites

Taxation on Rent-Free Accommodation and Concessional Rent Housing: A Complete Guidance

Taxation of Rent-Free Accommodation and Concessional Rent Housing: A Complete Guide Under the Income Tax Act, 1961, rent-free accommodation (RFA) and concessional rent housing provided by employers are treated as perquisites and are taxable in the hands of employees

Entertainment Allowance: A complete Guidance

Entertainment Allowance: Deduction for Government Employees Entertainment Allowance is a specific allowance provided to employees to cover expenses incurred for hosting official meetings or events. While this allowance is taxable for most employees, government employees can claim a deduction

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