Compensatory Off or Compensation Off or simply Comp Off is a leave granted to an employee as a compensation for working on a holiday or a weekly off day at the request of his employer. Employers may request employees to work extra hours to meet unforeseen emergencies and later the employees can be compensated [...]

A notice period is the amount of time an employee has to work for his employer after employee notifies employer on his resignation or the employer notifies the employee on termination of his employment, or in other words, a notice period is the amount of time an employee has to work for his employer [...]

An ‘overnight shift’ or simply ‘Night shift’ is a shift that overlaps midnight. An overnight shift usually starts between 10PM and midnight and ends between 6AM to 8AM. A factory usually has 8 hours per shift and an overnight shift usually starts at 10PM and goes on until 6AM the next day. In a [...]

HRA Exemption Calculator enables you to save income tax on House Rent Allowance. Eligibility criteria for HRA Exemption You should have received House Rent Allowance from your employer You should have paid House Rent to your Landlord How to calculate HRA [...]

Steps to calculate Income Tax? First, calculate your Taxable Income. Second, apply the Taxable Income on the appropriate Tax Slab Then, you get your Income Tax. How to find your Tax Slab - New Regime The New Regime has only one [...]

Introducing a web portal for salaried employees to calculate income tax from their payslips. Let's find out how to use the Income Tax Calculator to calculate your tax in easy steps. Step 1: Open the income tax calculator Step 2: Fill in basic details Step 3: [...]

Section 10(14) of the Income Tax allows exemption from taxable income in respect of Children education allowance and Hostel Allowance. Also, Section 80C allows deduction from taxable income in respect of Tuition Fee for children. Let's find out how you can save tax with tuition and hostel fees As [...]

Home loan is the option that helps you save maximum income tax. Let's analyze how much income tax you can save with Home Loan! When to claim Income Tax Deduction? If you buy a fully constructed house property, you can immediately claim income tax deduction. If you [...]

To calculate Taxable Income and to learn how it is calculated, follow the steps below. We are using an Income Tax Calculator to calculate Taxable Income with data from your payslip and the tax saving investments you have made. Step 1: Open the Income Tax Calculator [...]

Let's find out how you can calculate Tax Liability from Income Tax using an online income tax calculator. Step 1: Open the income tax calculator Step 2: Fill in Basic Details Step 3: Key in your Salary Details Step 4: Declare [...]