An employer can make advance payments to an employee to cover travel expenses or to make a purchase for the company and so on. Also, an employee may request for a salary advance to meet an emergency. In such cases, the amount paid in advance is repaid by the employee later or is adjusted [...]
Absenteeism is the practice of regularly failing to turn up for work. If an employee is absent Lenvica HRMS will mark the day as absent, as shown below. You can configure Lenvica HRMS to notify you with an alert email when an employee is absent. The system can also [...]
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 [...]
Even when you earn a high salary it's possible to bring down your income tax to nil. Let's find out how you can do that. Step 1: Open the Income Tax Calculator Step 2: Key in your salary details Step 3: Compute Income Tax [...]
Introducing a web portal for salaried employees to calculate income tax with data from their pay slips. Save tons of tax using the Income Tax Calculator. Let's find out how easy it is to use the calculator to calculate Income Tax. Step 1: Open the income tax calculator [...]
Let's find out how you can calculate Income Tax from Taxable Income 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 your investments [...]
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 [...]