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New Delhi: Paying rent to your parents to claim House Rent Allowance (HRA) can be a smart way for salaried employees to save on taxes. And yes, it’s legal — but only if it’s genuine and properly documented. As CA Apoorva Gavai explained in a recent LinkedIn post, “Yes — it’s technically legal to claim…
8th Pay Commission Salary Estimates: The 8th Pay Commission (8th CPC) is yet to be formed. Once formed, it will prepare a report having recommendations of salary, pension, and allowance revisions. The central government will approve this report with a few changes if needed. Once approved, it will be implemented for central government employees, who…
8th CPC Salary Projections: As days are passing, most central government employees have been keenly waiting for 8th Pay Commission-related developments. The commission’s formation, its report, and recommendation implementation will impact the payouts that government employees get. One of the most sought-after salary revision aspects will be the fitment factor, which is the multiplier to…
8th Pay Commission Salary Calculations: Are you also a central government employee keenly waiting for the 8th Pay Commission (8th CPC) recommendation implementation? It may take time as the names of the panel chairman and members are yet to be announced. Once the pay commission is established, it will prepare a report that will have…
8th Pay Commission for CRPF: Central Reserve Police Force (CRPF) has a vast role in maintaining internal security in the country. From crowd and riot control to staying alert during counter-insurgency operations to providing security to VVIPs, CRPF is one of the most prominent paramilitary forces in India. Its size, nationwide presence, responsibilities, and critical…
8th Pay Commission Salary Calculations: The 8th Pay Commission (8th CPC) can be formed anytime soon. Once established, it will start preparing a report, which will have recommendations for salary and pension revision for central government employees and pensioners. Once recommendations get approved by the Cabinet, the salary and pension will be revised. For employees,…
8th Pay Commission Salary Estimates: For a Group D or Group C, junior officer or top officer central government employee, the 8th Pay Commission brings a hope of a significant salary rise. The employee of every pay grade or level expects that their basic pay and other key allowances will be increased comprehensively. The magnitude…
8th Pay Commission Revised Salary Estimates: When recommendations of a pay commission are implemented, not just the basic salary of central government employees is revised, but also a number of allowances such as house rent allowance (HRA), transport allowance, child education allowance (CEA), and transport allowance (TA). Along with that, the employee contribution to National…
New Delhi: With just a few days to go for the Union Budget 2024, the common man’s wishlist centres around FM Nirmala Sitharaman’s announcement for a more equitable and efficient tax regime. The Budget will be presented before the Lok Sabha on July 23. Raghunathan Parthasarathy, Partner, Corporate Tax, Tax & Regulatory Services, BDO India listed…