There are two types of Form 16: Form 16 (Income from Salary) This form is issued by employer to employee Can We Explore

Section 80C – Rs. 150,000 The deduction comprises of payments for life insurance, equity mutual funds, provident fund contribution, repayment of Can We Explore

Following FAQs will help get an understanding of some of the nuances of allowances received as an employee. In which Can We Explore

This section covers the different allowances received by employees from their employers and tax implications of such allowances: Meaning of Can We Explore

1.   No perquisite will arise in the hands of an employee on account of provision of rent-free accommodation to the Can We Explore

Meaning of perquisite In simple terms perquisite means any benefit. In the context of salary income perquisite means any benefit Can We Explore

Meaning of perquisite In simple terms perquisite means any benefit. In the context of salary income perquisite means any benefit Can We Explore

Tax treatment of gratuity can be classified as follows: (A)     Gratuity received by Government employees and employees of local authority Can We Explore