Advance Tax – Calculation & How to Pay Advance Tax Online?
Advance tax payment is a system where taxpayers can spread their tax obligations by making payments in multiple instalments throughout the...
Conveyance Allowance – Meaning, Limit, and Calculation
Conveyance allowance, commonly provided by organisations globally, is a prevalent employee benefit in India. Often referred to as travel...
Payroll Tax – Definition, Objective
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...
Leave Travel Allowance (LTA) – Rules, Claims, and Eligibility
LTA is a financial benefit for all employees. It helps cover domestic travel expenses for two trips in four financial years. The LTA amount...
House Rent Allowance (HRA) – Exemption And Tax Deduction
House Rent Allowance (HRA) constitutes a vital element within the compensation structure of numerous professionals. Notably, HRA enjoys...
Professional Tax – Meaning, Slabs & Exemptions
If you go through all your payslips, you will notice the reduction with the name Professional Tax. The state you live in is responsible for...
Special Allowance – Taxation & Calculation
Special allowances emerge as pivotal components designed to cater to diverse needs within organizations. These designated sums of money...
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...
What is Payroll Process? Basics, Requirements, Compliances
The Payroll process is just as it sounds. It is the process of giving employees their wages for the work they’ve done in a specific...
Attendance & Payroll: A Complete Guide
Attendance & Payroll are critical to every organisation, no matter what their size or scale of operation or which industry they operate...
