1.  Gratuity Gratuity is a payment made by the employer to an employee in appreciation of the past services rendered by the employee. Gratuity can either be received by: (a)      the employee himself at the time of his retirement; or (b)     the legal heir on the event of the death of the employee.

So far, we have discussed what are the various incomes, allowances and perquisites which are exempt and which are to be included in gross salary. From the gross salary so computed, the following three deductions are allowed under section 16 provided the employee does not opt to be taxed under section 115BAC: (i)      Standard

Provident Fund Scheme is a welfare scheme for the benefit of the employees. Under this scheme, certain sum  is deducted by the employer from the employee’s salary as his contribution to the Provident Fund every month.  The employer also contributes a certain percentage of the salary of the employee to the provident fund. These  contributions

Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or in Advance for calculating taxable salary income for assessment year 2022-23 & 2023-24. Where, by reason of any portion of an assessee’s salary being paid in arrears or in advance or by reason of his having received