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Self-Assessment Tax – Meaning, Calculation, and How to Pay

Business Enablement

Self-assessment tax refers to any pending tax liability left on an assessee’s evaluated income after reducing deductions, and the taxes...
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Corporate Tax – Rates, Regulations, and Reforms

Business Enablement

In India, people pay significant taxes on income, wealth, and capital gains. Corporate entities, domestic or foreign, must also pay taxes...
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EPF Form 5 – Free Download & Eligibility

Social Security

The Employees Provident Fund (EPF) is a vital social security initiative for retirement benefits, overseen by the Employees Provident Fund...
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Gratuity – Calculation, Eligibility and Taxation Rules

Payroll Glossary

In employment, compensation extends far beyond just monthly salaries or hourly wages. Among the multiple components of an employee’s...
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Advance Tax – Calculation & How to Pay Advance Tax Online?

Payroll Glossary

Advance tax payment is a system where taxpayers can spread their tax obligations by making payments in multiple instalments throughout the...
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Conveyance Allowance – Meaning, Limit, and Calculation

Payroll Glossary

Conveyance allowance, commonly provided by organisations globally, is a prevalent employee benefit in India. Often referred to as travel...
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EPF Form 31 – Complete PF Withdrawal Process

Social Security

Form 31, commonly called the EPF Advance Form, serves as the means to request a partial withdrawal or advance from an individual’s...
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Payroll Tax – Definition, Objective

Payroll Glossary

Payroll tax is akin to tax deducted at source (TDS), where employers withhold a portion of an employee’s salary and remit it to the...
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Leave Travel Allowance (LTA) – Rules, Claims, and Eligibility

Payroll Glossary

LTA is a financial benefit for all employees. It helps cover domestic travel expenses for two trips in four financial years. The LTA amount...
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Form 16 – Download, Types & Components

Employee Support

Unlocking the intricacies of income tax compliance in India begins with understanding the document known as Form 16. This document is a...
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