Post Office Saving Schemes 2021

Post Office Saving Schemes: Interest rate, Types, Benefits and Tax Exemptions 2021

Post Office Schemes include an array of great investment options that offer amazing interest rates like SSA, NSC, PPF, SCSS, and so on. And most of these schemes are eligible for tax benefits up to a maximum of INR 1.5 lakhs as per Section 80C. The best part is that when you invest in these […]

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personal loan by mobile app

6 Powerful reasons to opt for an Instant Loan via App!

We live in a world where everything from quick cooking noodles and online food delivery to eCommerce shopping and online banking, happens on our fingertips with the help of the mobile apps on our phone. With everything falling under the ‘instant’ bandwagon, it is not surprising that patrons are looking for easy access to loans, […]

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leave travel allowance

Leave Travel Allowance (LTA): Claim Rules, Exemption for Claiming, And More

Leave Travel Allowance (LTA) is a part of your salary just like other allowances like HRA, TA, etc. But it is not included in your total taxable income. It is the allowance you get to compensate for your travel expenses. And you can claim for an LTA tax exemption every block year you receive it. […]

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House Rent Allowance HRA

All You Need to Know About House Rent Allowance (HRA) Calculator

House Rent Allowance (HRA) is yet another type of allowance provided in your salary just like Dearness Allowance, Travel Allowance, etc. You’ll be able to check this out in your monthly salary slips.  HRA is the compensation provided to all salaried employees living in rented accommodation by their employers. This helps you to save on […]

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Transport Allowance and Conveyance Allowance

Transport Allowance for Salaried Employees: Tax Exemption, and Limitations

Transport Allowance or Conveyance Allowance is a type of allowance that you’ll come across while going through your salary slip in excel format. And it might seem just like another allowance like the Dearness Allowance, House Rent Allowance, and so on. But, there’s much more to it that is very important to know. This article […]

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how does HR department determine employee salary

How Does the HR Department Determine an Employee’s Salary?

Have you ever gone through your salary slip and wondered how exactly your salary gets calculated.  Turns out, in more or less all the organizations, the payscale provided by the competition is taken as a benchmark. And then, your salary figure depends on what the company can offer to attract and retain the employees. Other […]

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