Section 10(10C) of Income Tax Act 1961 – Gratuity Exemption
Gratuity is an appreciation for long-term service given by an employee to his employer. Although …
Section 10(10CC) of Income Tax Act 1961 – Tax Paid by Employer on Non-Monetary Perquisites
The Income Tax Act, 1961 includes various exemptions and deductions for taxpayers under section 10. …
Section 10(10AA) of Income Tax Act, 1961 – Leave Encashment
Leave encashment is a process that gives the right to employees to convert their unused …
Section 10(10A) of Income Tax Act, 1961 – Commuted Value of Pension
According to the Income Tax Act,1961 there are various sections that accepts the right of …
Section 10(7) of Income Tax Act, 1961 – Exemption for Government Employees
Section 10(7) of Income Tax Act 1961 provides a specific tax exemption for central and …
Everything About Section 89A of Income Tax Act, 1961
Section 89A of Income Tax Act 1961 was introduced in 2021 to provide relief for resident …
Section 80EEA of Income Tax Act, 1961 – Interest on Home Loans
Section 80EEA of Income Tax Act, 1961 was introduced in the budget of 2019 to …
Everything About Section80GG of Income Tax Act, 1961 – Hidden Gems!
Some individual pay the rent for living but they don’t receive HRA from their salary, …
Everything About Value of Perquisites As Per Section 17(2)
Perks are additional benefits or privileges employees receive over and above their regular salary or …
Everything About Form 10BD of Income Tax Act, 1961
Before there were no proper means to verify the donation received by the entities like …