Composite rent refers to the rent received by a property owner not only for the building itself but also for other assets or services...

In certain situations, even if a property is not registered in your name, you may be liable to pay income tax on the rental income earned...

Introduction: The Employees' State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers....

Gratuity refers to the amount that an employer pays his employee, in return for services offered by him to the company. Gratuity shall be...

Leave Travel Allowance (LTA) is a component of an employee's salary package that is meant to cover the cost of travel during their leave...

In India, income tax is levied on various types of income earned by individuals, businesses, and other entities. Here are some of the...

Housing Rent Allowance (HRA) is a common component of salary structures in India, which is given by employers to their employees to help...

Budget 2023 was the interesting budget placed by the central government. Government has tried to provide benefits to all class of...

Before calculating Capital gains following terms must be know: Sale Consideration - C onsideration received or to be received by the...

Every month, we receive our salary payslip and often wonder which component of salary tax is deducted and why? In response to this...

Often people get confused with the word search and survey so it becomes important to understand when search is conducted and when survey...