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SALARY COMPONENT BREAKUP
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...- Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
- India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
- Income Tax Calculator 2026: Compare your income tax liability on Rs 15L, Rs 20L, Rs 30L and Rs 50L CTC under new vs old tax regimeThe Income Tax Rules, 2026 introduce significant benefits for salaried employees, including expanded HRA and meal card tax advantages. Thes...
- Five big changes in Form 16, which is replaced by Form 130, that every salaried employee must knowForm 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a "Tax Year" ...
- New tax regime update: Will child education & hostel allowances get bigger tax benefits? What you need to knowNew income tax rules for 2025 significantly boost child education and hostel allowances, increasing them to Rs 3,000 and Rs 9,000 per month...
- Income tax calculator 2026: How much tax you’ll pay on income of Rs 15 lakh, Rs 30 lakh or Rs 50 lakh under existing vs proposed income tax rules 2026New draft income tax rules for 2026 are set to change how salaried employees are taxed. Calculations reveal significant potential tax savin...
- Rs 20 LPA salary? Save up to Rs 1.25 lakh under old tax regime as per new draft income tax rules 2026Proposed 2026 Income Tax Rules could significantly benefit salaried individuals under the old tax regime. Key changes include expanded HRA ...
- Founder breaks down Rs 18 LPA job offer, says real salary is Rs 6 LPA and rest is a ‘lottery ticket’Fresh graduates are being misled by inflated job offer salaries on social media. A student received an offer for Rs 18 lakh per annum, but ...
- New vs old tax regime for TDS on salary: How salaried employees can choose the best tax regime for FY 2025-26New vs old tax regime TDS on salary: April is the month when your employer asks you to choose between the old and new tax regime for TDS on...
- Lower tax on higher income in new tax regime from April 1: How your salary structure will decide if you get a big tax savingsThe new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax regime as the...
- These allowances will be taxable if bills are not submitted by youThere are various allowances that are received by an individual for performing official duty. However, these allowances can become taxable ...
- Got a pay cut? You may still be taxed on your original CTCIf a pay-cut is not reflected in the components of your salary, you may still be taxed on your original CTC.
- ITR filing: Prefilled ITRs now available for all individualsAccording to the latest update, the department has started providing pre-filled XML file containing details such as employer details, allow...
- ITR 2 e-form asks for complete salary break-up; more details required than beforeITR2 asks for salary break up in much more detail than earlier and also in greater detail than given in Form 16 up till now.
- How to fill salary details in ITR1 for FY 2017-18Not all of the amount received as salary is fully taxable. A part of it will be fully exempt from tax and a part of it will be partially ex...
- How to revamp salary package to increase net payAn easy way to reduce tax liability is to cut basic pay and adjust it as perks. If you have a special allowance component, adjust it as a t...
- Recruiters, B-Schools to debate placement standards at IIM-AIndian Institute of Management-Ahmedabad (IIM-A) will seek consensus from other B-Schools over introducing uniform standards while giving o...
- Media must end fixation with salariesThe sceptic in you may have questioned the veracity of these astronomical starting salaries but there was no way to find out the truth.
- RBI spying on home loan borrowersRBI has asked banks to furnish data on borrowers who have bought second or third home.
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