Travel Allowance (TA) is also referred to as the conveyance or transport allowance. This is the allowance provided by your employer for your day to day travel needs. Since, you would incur expenses while coming to your company from your residence, this is taken care by your employer. Almost all the employers provide the travel […]
How to differentiate between your CTC and take home?
This is a very debatable and confusing topic for most of us. You must have heard individuals boasting a fancy CTC but the actual take home turns out to be disappointing. So, how do we differentiate between the CTC and take home. This is the most common problem in the private sector. Employer, in order […]
How to calculate HRA/housing rent allowance on your salary?
HRA stands for housing rent allowance. It the allowance which an employer provides to an employee if the employee lives in a rented flat/house. However, by default, it is reflected in the salary structure of the salaried person. Thus, for a person having his own house, this is a taxable income. However, for a person […]
How you understand your basic salary structure : Indian Context
If you are a salaried individual in a private or public firm, you must make yourself familiar with your basic salary structure. Your salary structure is divided into lot of components like travel, HRA, food, etc. Some of these components are taxable while some are tax exempt. You must be familiar about each of the […]
Daily Analysis: BankNifty on 1st Dec 2016
Let us analyse BankNifty on 1st Dec 2016.After rallying for almost more than 2 percent the previous day, bank nifty felt the selling pressure at higher level. The reason being the lower GDP data. Also, the demonetization effect has not completely faded away. All throughout the session Bank Nifty formed Lower Top and Lower Bottom and […]