Taxmantra Global is battle-ready for the COVID-19 outbreak with full client delivery capability intact

At the time of penning this, the COVID-19 crisis is increasing exponentially all over the world. Global leaders and organizations are doing their best to manage this crisis. Even so, the boundaries are getting severely stretched. However, it is not just a macro crisis that needs to be handled at a global level.

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Taxes on leave encashment/ leave salary

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Normally every employee is entitled to certain number of leaves per month/annum. If this leave is not availed then unutilized leave eithe...

Taxability of gifts received

News & FAQs | By ALOK PATNIA | Last updated on Apr 12, 2011

It is widely common for people to receive gifts from friends and relatives. But, tax levied on that Gifts worries almost all of us. If yo...

Looking to Plan your Child's Future – Read On

News & FAQs | By ALOK PATNIA | Last updated on Apr 12, 2011

The birth of a child brings in lot of responsibilities on you as a parent. What are the financial planning steps, you should undertake to...

Claim Leave Travel Allowances on Travel expenses and Save Taxes

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Leave Travel Allowance (LTA) is a special allowance that is paid to employees by the employer for taking vacations. (Leave Travel Allowan...

Legal Heir’s Responsibility to file return of income and other important facts

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Legal representative or legal heir means a person who in law represents the estate of the deceased person. Whereas legal heirs are those ...

Claim HRA on Rent Paid and Save Taxes

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

House Rent Allowances (HRA) is given by the employer to meet the cost of rent paid by you for your home. It is basically a part of the ta...

Prepare your Balance sheet to know your Net Worth

News & FAQs | By ALOK PATNIA | Last updated on Apr 11, 2011

The Balance sheet as commonly referred as, is the statement of financial position of an individual. The balance sheet presents a person&#...

Salary Structuring, Taxability, and CTC

News & FAQs | By ALOK PATNIA | Last updated on Apr 11, 2011

Cost to Company (CTC) is the total cost that your Company is spending towards you either directly or indirectly. CTC include the amount g...

Tax saving options other than 80C investments

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Every taxpayer is entitled to reduce his tax liability by taking benefits of various deductions available under the Income Tax Act, 1961....

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