Exemption Archives - Page 2 of 2 Finance Friend

How to calculate exemption on Pension Income

January 4, 2014 CA. Kalpesh Karia

How to calculate exemption on Pension income There are two type of pension viz; Commuted and Uncommuted Pension. Treatment of both type of pension is different as per section 17(1)(ii) of Income Read more […]

Exemption of Leave Encashment

November 4, 2012September 30, 2012 CA. Kalpesh Karia

Employees are eligible for various leave while in service .Employee usually take some leave during the year as per company policy and balance leave will remain unavailed for the year. For example employee Read more [...]

How to Calculate House Rent Allowance – HRA

January 12, 2023July 15, 2012 CA. Kalpesh Karia

House Rent Allowance (HRA) is provided by employer to employee as a part of consolidated Salary or you can say Cost to Company (CTC) to meet rent of accommodation. HRA is exempted up to some extent as Read more [...]