Tag: Tax on Allowances

Now, daily travel allowance to be taxed on failure to submit...

Any allowance paid to the assessee to meet his personal expenses at the place where the duties of his office are ordinarily performed is not exempt under the Income Tax Act.

Latest

Simpl introduces industry-first leave policies to promote better work-life balance 

Setting a new standard for the industry, Simpl has announced new leave policies and also made some key changes in the previous ones for...
Gratuity to be paid on termination of employment only after 5 years of service

Will DA increase to 42% for Central government staff?

The employees of the Central government may receive increased dearness allowance soon. It is reported that the Centre is deliberating hiking the DA by...

Severance package costs $640 million for 18000 laid off amazon employees

Last month, Amazon laid off over 18,000 employees and, as a result, the company incurred a cost of $640 million in severance packages in...

1,300 employees ‘zoomed out’ at Zoom

About 15 per cent of the workforce at communications technology firm, Zoom, will be asked to leave, as per an official blog. The video communications...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...