In this article,I have tried to explain the treatment of leave salary and provident fund in income tax act. Leave salary: when employee receives cash equivalent in respect of earned
Employee receives lump sum amount while retirement. It may be gratuity, commuted pension, leave salary, compensation for voluntary retirement, provident fund. In this article, I have tried to put some
CBDT notified change in PAN form. Now applicant have option to get mother’s name printed on PAN CARD.See full notification and download new form 49A and 49AA. NOTIFICATION AND FORMS
Salary has many elements like basic salary, dearness allowance, gratuity, pension, perquisites etc. On each element, tax calculation is different. Here I have tried to explain tax treatment for each