Payroll and Salary
Conveyance Allowance – Definition, Limit, Exemption and Calculation
Your monthly salary is made up of many components. Other than your Basic Salary, companies offer their employees several allowances like DA- Dearness allowance,...
Payroll and Salary
Leave Travel Allowance (LTA) Its Calculation, Rules and Exemption
What is LTA in salary? The Income Tax Act 1961 has exemptions for the salaried employee accounted for as LTA deductions. Other such deductions...
Payroll and Salary
What is HRA (House Rent Allowance) and How is HRA Exemption Calculated in India?
Employers determine the amount of HRA to be paid based on factors such as salary amount, salary structure, and city of residence. HRA is...
Payroll and Salary
Dearness Allowance (DA) Understanding its Types and Calculation
What is DA? Dearness allowance means that all public sector employees, private sector employees, government employees, etc., receive basic salaries and a fixed percentage of...
Payroll and Salary
Basic Salary Calculation, Salary Deduction, Formulas
Your take-home salary is the sum total of your basic salary, deductions made, additional allowances, and so on. Gross Salary, CTC-Cumulative Cost to Company,...
Payroll and Salary
Form 10C – How to Fill Form 10C Online? Download Form 10C
The EPF or Employees Provident fund is a retirement scheme with post-retirement benefits. First, a fixed part of your monthly salary gets deposited into...
Payroll and Salary
Form 26Q: TDS Return Filing for Non-Salary Deductions
Form 26Q is a statement for TDS deducted on all payments except salaries. The deductor must deduct TDS (tax deducted at source) at the time...
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