Curious About Payroll and Income Tax? Let's Break Down Your Common Questions

shubhag
Hi Everybody,

I have prepared some FAQs for payroll and Income Tax.

What does Salary Income mean?

What do Allowances mean?

What is a Permanent Account Number (PAN)?

What are the current Income Tax slabs?

Can I get a working women rebate?

What is Form 16?

How do I account for my Salary from More Than One Employer?

How do I calculate my House Rent Allowance (HRA) and exemption thereon?

How is the exemption on Leave Travel Allowance calculated?

Transport Allowance / Conveyance Allowance

Children Education Allowance

What is Perquisite and how is it taxed?

What amount gets deducted under section 16?

How do I account for my loss on House Property?

What are the various deductions allowed under Chapter VI A?

Regards,
Shubha
Location: Dubai, United Arab Emirates
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