Salary Breakup Structure – Format & Calculation
A salary breakup structure, also known as a CTC (cost-to-company) breakup structure, is a comprehensive breakdown of the various components...
Salary Increment – Meaning, Format & Samples
Employees anticipate salary increments with fervour, seeing them as a tangible recognition of their dedication and contributions throughout...
Compound Interest – Meaning, Definition and Formulas
Upon perusing our bank statements, we often discern varying interest credited annually. This isn’t simple interest; it’s...
Assessment Year (AY) – Meaning & Definition
The Assessment Year is an important concept to understand while navigating the intricacies of income taxation. Following the conclusion of...
What is Human Resources (HR)? Meaning and Responsibilities
The role of HR stands as a bridge between organisational growth and employee well-being. Beyond the conventional image of merely handling...
Old vs New Tax Regime – Which is Better?
The recent Budget 2023 has given rise to a myriad of uncertainties among taxpayers, prompting a crucial evaluation of the choice between...
MSME Full Form – Meaning, Definition, and Features
The full form of MSME is Micro, Small, and Medium Enterprises. The Government of India introduced the concept through the Micro, Small...
What is ITR-U Form? How to File & Eligibility
The ITR-U form serves as a pivotal tool for individuals seeking to amend their income tax returns by addressing inaccuracies or omissions...
Section 80TTA – Deduction Limit under Income Tax Act
Almost all of our money is taxable. The interest your savings bank accrues is also taxable! If you have wondered about even this income is...
Section 80D – Tax Deductions & Benefits
Safeguarding your financial stability from unanticipated medical expenses is of great importance. In India, a significant number of...
