Category: Income Tax

Gist of main amendments in Direct Taxes for F.Y. 2015-16 or A.Y. 2016-17 – Budget 2015

Gist of main amendments in Direct Taxes for F.Y. 2015-16 or A.Y. 2016-17 – Budget 2015 Keeping various aspects in mind, vial amendments are made in the Direct Tax phase of the economy. We will herewith consider the amendments made to the direct taxes by bifurcating them in various areas. So the amendments in direct […]

Example of Leave Travel Allowance (LTA) Exemption Calculation

Example of Leave Travel Allowance (LTA) Exemption Calculation Example of Leave Travel Allowance (LTA) Exemption Calculation Example: Details of Mr. X for the Financial Year 2012-13 Annual Salary                                                              Rs. 6,00,000 Annual LTA                                                […]

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