Tax on Company Leased Accomodation – CLA Perquisite Value
3 May, 18- Calculate Company Leased Accommodation tax
- Complex CLA rules for income tax in easy terms
- HRA vs CLA decision should be made to get maximum tax benefits
Concurrent H1B allows Multiple H1B Jobs at the same time
30 Apr, 18- Concurrent H1B allows worker to be employed by several employers concurrently (at the same time)
- Multiple H1b jobs can be in completely different fields and full time
- All concurrent h1b should be based on primary H1B
- Primary H1B employer does not need to be informed about concurrent H1B
Food Coupons or Meal Vouchers help Increase in-hand Salary – India
30 Apr, 18- Food coupons help you save income tax on purchases, increasing your in hand salary
- Legally, Meal vouchers are Tax exempted to Rs 50 per meal during working hours
- Buying grocery is allowed including payment by food card at restaurants, sweet Shops, bakeries, food outlets (Pizza hut, KFC, Subway) Big Bazaar retail
Loan From Government Bank Vs Private Bank – Whats The Difference?
29 Apr, 18- Compare Loan from private vs public bank India
- Public banks offer low processing fees, faster reduction in interest rate with RBI REPO rate reduction, no pre-payment charges and no pre-payment period restriction
- Private bank have faster processing, good customer care but high interest rates and charges
i140 H1B extension or transfer after 6 years
28 Apr, 18- i140 h1b extension after 6 years in 3 year chunks possible with current or new employer
- USCIS allows H1B transfer to new employer with approved i-140 from previous employer
- H1B Extension after 6 years without i-140 is possible for 7th year if PERM is pending for 365+ (including Audit) days
Cost of Home Loan in India – All Expenses listed
26 Apr, 18- Cost of home loan In India includes processing fees, home loan insurance, home insurance premium, legal adviser fees, property valuation fees
- These costs are not part of loan
- Home loan insurance can act a loan guarantor if needed in government bank
- Plan for expenses before applying housing mortgage