Understand Salary and its components - Basic, HRA, Travel Allowance, PF, Standard Deduction. Difference bewteen CTC & take home salary. Tax exemptions & benefits.
Whether looking to buy house or already own a house, this guide shall give you an insight of tax benefits attached with loan repayment and provide different avenues to reduce tax liability on income from house property.
Speculative Income doesn’t have a precise meaning among the terms defined by the Income Tax provision but the term derives itself from the phrase ‘speculative transaction’.
What is Gross Total Income? How is Gross Total Income calculated? What to exclude while calculating? Difference between Gross Total Income and Total Income.
Read our guide to understand what is Total Income, its meaning, how to calculate total income under income tax act and how it is different form gross total income and much more.
Do you travel very often? Find out how can you claim LTA - Leave Travel Allowance. Check out the example given for better understanding of LTA rules and lta block.
A bonus stripping strategy can help reduce capital gains tax. The investor sells the original unit for a short term capital loss but gets his hands-on two kinds of benefits.
