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Exemption

Exemption on Leave Travel Allowance (LTA)

September 16, 2022July 24, 2022 CA. Kalpesh Karia
Exemption on Leave Travel Allowance (LTA)

Background: You want to claim LTA and get exemption on Leave Travel Allowance (LTA) then this is right post for you. Employees are getting Leave Travel Allowance (LTA) as a part of their Salary (CTC) Read more […]

Categories Income Tax Tags Exemption, Personal Finance 1 Comment

How to Calculate Gratuity Exemption with Gratuity Calculator

January 26, 2019 CA. Kalpesh Karia

When you work with a company for more than five years and resign from company or at the time of retirement, you may be under dilemma regarding how to calculate gratuity or how to calculate gratuity exemption Read more […]

Categories Income Tax Tags Exemption Leave a comment

Tax Treatment of Gratuity as per Income Tax Act,1961

January 26, 2019January 26, 2019 CA. Kalpesh Karia
Tax Treatment of Gratuity as per Income Tax Act,1961 is covered U/S 10(10) of the Act. In case of retirement, resignation or  termination, you have to consider Income Tax liability on propose Read more [...]
Categories Income Tax Tags Exemption 6 Comments

National Pension Scheme – NPS can give benefit up to 42% in first year

May 12, 2021January 2, 2019 CA. Kalpesh Karia
National Pension Scheme – NPS can give benefit up to 42% in first year

Income Tax deduction for investment in National Pension Scheme – NPS : This is tax season now. You may be planning to do investment for this Financial Year. This will help in Tax Deduction .Due date Read more […]

Categories Finance, Income Tax, Personal Finance, Retirement Planning Tags Deductions, Exemption 2 Comments

What is tax benefit of Superannuation Fund

June 20, 2017 CA. Kalpesh Karia
What is tax benefit of Superannuation Fund

What is tax benefit of Superannuation Fund You may have knowledge about provident fund however  you may not be aware regarding Superannuation Fund and want to know what is tax benefit of superannuation Read more […]

Categories Income Tax Tags Deductions, Exemption Leave a comment

Deduction of Interest on deposits in Saving Accounts

June 17, 2016February 28, 2014 CA. Kalpesh Karia
Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]

Categories Finance, Income Tax Tags Exemption, Personal Finance Leave a comment
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