February 22, 2022 06:17 pm | Updated 06:19 pm IST - Bengaluru In spite of a reduction in revenue owing to the Covid-19 pandemic disrupting economic activities and cut in allocation to many schemes, the Karnataka legislature passed two bills to execute a steep increase in the salary of MLAs, MLCs, Ministers, Speaker, Deputy Speaker and the Leader of Opposition. …
The government has allowed individuals under the new lower tax regime to claim I-T exemption on conveyance allowance received from employers. Further, blind, deaf and dumb or orthopedically handicap employees can also claim ad-hoc exemption of transport allowance of Rs 3,200 per month while computing salaried income. Offering an optional lower rate of income tax to individuals, Finance Minister Nirmala …
If you are a working professional, the first day of the month is usually when you like your bank balance. The CTC involves the total amount promised to you and it is usually higher than your take-home salary as it factors all the cost that your company may or may not pay in the form of tax or variables. “Earnings …
