Conveyance Allowance – Meaning, Limit, and Calculation
Conveyance allowance, commonly provided by organisations globally, is a prevalent employee benefit in India. Often referred to as travel...
Leave Travel Allowance (LTA) – Rules, Claims, and Eligibility
LTA is a financial benefit for all employees. It helps cover domestic travel expenses for two trips in four financial years. The LTA amount...
House Rent Allowance (HRA) – Exemption And Tax Deduction
House Rent Allowance (HRA) constitutes a vital element within the compensation structure of numerous professionals. Notably, HRA enjoys...
Professional Tax – Meaning, Slabs & Exemptions
If you go through all your payslips, you will notice the reduction with the name Professional Tax. The state you live in is responsible for...
Special Allowance – Taxation & Calculation
Special allowances emerge as pivotal components designed to cater to diverse needs within organizations. These designated sums of money...
Salary Breakup Structure – Format & Calculation
A salary breakup structure, also known as a CTC (cost-to-company) breakup structure, is a comprehensive breakdown of the various components...
What Is Attendance and Payroll Software? Guide to Systems & Benefits
TL;DR Attendance and payroll software is one calculation chain: punch-in → paid days → gross wage → PF, ESI, PT and TDS → payslip...
