Post by: Sreeram Viswanath in Income Tax Personal Finance
Taxability of Interest Free Loans The Income Tax Appellate Tribunal (ITAT) has pronounced the judgment that interest-free loans offered by the employer will be taxed on the employee as a perquisite. In this article, we discuss the concept of the…
Post by: Sreeram Viswanath in Income Tax Personal Finance
Allowances Exempted From Income Tax Salaried taxpayers are entitled to the receipt of the benefits which are specified in the Income Tax Act. The benefits are distributed in the form of allowances, perquisites, deduction from salary, retirement benefits, arrears of…
Post by: IndiaFilings in Government Initiatives Income Tax
House Rent Allowance (HRA) House Rent Allowance (HRA) is the remuneration which is provided by the employer to an employee for meeting the rental expenses paid for the residential accommodation used by the employee. House Rent Allowance provided by employers…
