Introduction An allowance that is provided by an employer to the employee to cover the expenses of the accommodation rent which the employee may incur for his housing purpose is known as House Rent Allowance (HRA). The House Rent Allowance which is waged by the employer to the employee is taxable under the head of “Income [...]
Introduction In India, the tax rules are generally different for the individuals those are salaried and are having other types of income source. ITR e-filing has become a boon to them. In order to file their returns and the knowledge of the allowances that are paid generally by the employers to meet various costs can come in handy [...]
Introduction Form 16 is a certificate, in which employer is certifying details regarding the salary and the deduction of TDS of the employee during the year.Form 16 is issued once in a financial year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.It has two parts, [...]
