- Basic
- Dearness Allowance (DA)
- Retirement Benefits
- Incentives or bonuses
- Conveyance allowance
- House Rent Allowance (HRA)
- Medical allowance
- Leave Travel Allowance or Concession (LTA / LTC)
- Telephone / Mobile Phone Allowance
- Special Allowance
15 December 2010
Components That Makes The Salary Package : CTC
08 December 2010
LTA Tax Implication Details
Most of us have LTA as a component in our salaries, but don’t know how to maximise tax savings. Here are some points which you must know on LTA:
House Rent Allowance (HRA) Tax Implications
HRA is an integral component of any payroll compensation plan. In this article you can get to know more about the tax implications and some planning tips on HRA.
1. What is HRA?
House Rent Allowance is an allowance given by an employer to an employee. The sole purpose of this is to meet the cost of renting a home. However it doesn’t mean that an employee owning a house and staying there cannot be eligible to receive an HRA component in his salary. It will just mean that he will not be eligible for any tax benefits.
Steps involved for the formation of a company
B. Obtain a Director Identification Number (DIN)
C. Obtain approval for the proposed name of the Company from the registrar of Companies (ROC)
D. Memorandum and Articles of Association
E. The following documents are required to be executed (signed) before they are submitted to the ROC:
F. Initial set of Documents / details required
To know more details on the company formation, kindly visit the below link:
Steps involved for the formation of a company
About Limited Liability Partnership
LLP, governed by the Limited Liability Partnership Act 2008, came into effect from April 1, 2009
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