Latest Breaking News On - Kush vatsaraj - Page 1 : vimarsana.com
Updated Mar 11, 2021 | 07:01 IST
The tax benefit on LTA can be claimed on two journeys in a block of four years. The current block is 2018-21 Carry forward LTA or opt for cash voucher scheme: Know which is more beneficial 
New Delhi: Due to COVID-19, employees have been avoiding travel and hence been unable to avail the benefit of LTC in the current block of 2018-21. Therefore, the government came out with the leave travel concession (LTC) cash voucher scheme in October last year in order to allow people to claim tax benefits they otherwise would not have been able to claim due to travel restrictions. Under this scheme, employees can claim tax deduction on LTC by spending the money on buying goods and services instead of submitting travel bills. The scheme was initially launched for government sector employees, but was later extended to non-government employees as well.
New-delhiDelhiIndiaBalwant-jainKush-vatsarajVatsaraj-coRepresentational-imageVoucher-schemeLtc-cash-voucher-schemeEltaLta-block-periodLta-carry-forward Updated Feb 27, 2021 | 14:01 IST
While no details have been shared as to how TDS will be applied, calculations show that if an individual s annual basic salary is close to Rs 21 lakh or more, they will come under the EPF tax net. EPF interest taxation: Here s how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh 
New Delhi: Budget 2021 left some taxpayers unsatisfied as there were no rate cuts or standard deduction limit hike. This Budget has left income-tax rates and slabs unchanged. While the Finance Minister did not announce any hike in super-rich surcharge, she found a way to tax the rich and super-rich by taxing the interest earned on Employee’s Provident Fund (EPF) contributions in excess of Rs 2.5 lakh in a financial year.
New-delhiDelhiIndiaAarti-raoteKush-vatsarajTp-ostwal-associatesEmployee-provident-fundFinance-ministerProvident-fundDeloitte-indiaIncome-taxTax-deduction