Self-Assessment Tax – Meaning, Calculation, and How to Pay
Self-assessment tax refers to any pending tax liability left on an assessee’s evaluated income after reducing deductions, and the taxes...
Corporate Tax – Rates, Regulations, and Reforms
In India, people pay significant taxes on income, wealth, and capital gains. Corporate entities, domestic or foreign, must also pay taxes...
EPF Form 5 – Free Download & Eligibility
The Employees Provident Fund (EPF) is a vital social security initiative for retirement benefits, overseen by the Employees Provident Fund...
Gratuity – Calculation, Eligibility and Taxation Rules
In employment, compensation extends far beyond just monthly salaries or hourly wages. Among the multiple components of an employee’s...
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...
EPF Form 31 – Complete PF Withdrawal Process
Form 31, commonly called the EPF Advance Form, serves as the means to request a partial withdrawal or advance from an individual’s...
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...
Form 16 – Download, Types & Components
Unlocking the intricacies of income tax compliance in India begins with understanding the document known as Form 16. This document is a...
