Category: Income Tax Rates

leave travel allowance income tax rules Most companies have LTA as part of the tax free compensation offered to employees to save on income tax. Leave travel allowance is tax free and there is no need to pay income tax on the amount availed under LTA subject to conditions.… Read more

Meaning of form 26AS We all are paying income tax and filing income tax  returns every year. We pay income tax in may forms either directly and indirectly. Indirect payment of income tax is TDS (tax deducted at source). Our employer deducts our income tax as TDS, our banks deducts TDS on interest income before paying that.… Read more