Finance & Money#Tag
LTA – Leave Travel Allowance, Income Tax Rules Explained
LTA is leave travel allowance meant for making tax exempt holiday once in period of two years with or without family. Air travel, train ticket cost (economy or first class AC), hotel and taxi bills within India (no abroad) are allowed. Full LTA that is part of CTC can be claimed with receipts.
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HRA Tax – Pay Rent to Wife?
Yes, you can pay rent to wife or parents to claim Indian HRA (House Rent Allowance) tax exemption. Paid rent is counted as spouse or parent income. File ITR.
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What is CTC? Difference between CTC Package & Net Salary?
CTC full form is Cost To Company. It means total salary package & benefits received by employee in a year including free meals, cabs, interest free loans.
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Documents Required for HRA Exemption in India
No rent receipt required for rent upto 3 thousand per month. Landlord PAN number, revenue stamp, Rent receipt required for monthly rent more than 8,334.
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Do Supplementary Credit Cards Affect Your Credit History?
Supplemental credit cards in India do affect your credite history. Primary card holder is responsible additional family card member's purchases.
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Send iPhone USA to India, Custom Duty, GST Tax Calculator
Sending iPhone to India is expensive (customs duty + GST Tax) than buying in India. Mark as Gift does not help. Carrying and not declaring at Indian airport custom evades duty but not safe.
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