What is Voluntary Retirement Scheme? VRS is a monetary facility provided by the corporates for the retrenchment of some of its employees due to various reasons related to employees and the company. It is opted by an employee that wishes ...
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PENSION AND INCOME TAX
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Pension is a kind of retirement benefit that is provided to the retired employees of an organization as compensation for past employment with that organization. It is paid over a regular, fixed period of time and in form of an ...
Income Tax on Encashment of Leave
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Income Tax on Leave Salary The basic knowledge An employee is allowed various types of leaves like Casual Levees, Earned Leaves, Medical Leave, Gazetted Holidays, etc. Generally, the employee is allowed to either avail of these leaves or carryforward to ...
Gratuity: Income Tax Liability
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Gratuity: The things you should know Gratuity is a part of Gross Salary or say it is a part of CTC. It is a monetary benefit paid by the employer to thier employee when the employments terms end. Generally, it ...
Defining quality on Taxchopal — what a helpful answer looks like?
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We want to make it easier to learn more about a question and highlight key facts about it — such as how popular the question is, how many people are interested in it, and who the audience is. To accomplish ...
Introducing Keyboard Shortcuts, our first Labs feature
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We want to make it easier to learn more about a question and highlight key facts about it — such as how popular the question is, how many people are interested in it, and who the audience is. To accomplish ...