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Section 80EEB - Deduction in respect of purchase of electric vehicle
In computing the total income of an individual for the financial year and not claiming a deduction under section 80EE, the individual shall be allowed a deduction of interest payable on loan taken from any financial institution for the purpose of purchase of an electric vehicle.
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Section 80EEA - Deduction in respect of interest on loan taken for certain house property
In computing the total income of an individual for the financial year and not claiming a deduction under section 80EE, the individual shall be allowed a deduction of interest payable on loan taken from any financial institution for the purpose of acquisition of a residential property.
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Section 80EE - Income Tax Deduction for Interest on Home Loan
In computing the total income of an individual for the financial year he shall be allowed a deduction of interest payable on loan taken from any financial institution for the purpose of acquisition of a residential property.
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HRA Calculator
HRA Calculator – Calculate your House Rent Allowance Online
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Income Tax Calculator
Income Tax Calculator - Compare Your Tax Liability under Old & New Tax Regime
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Budget 2020 – New Income Tax Rates as per Revised Slabs
In India, the income is taxed as per the slabs mentioned by the finance ministry. Tax rates have been prescribed for different slabs and the rate increases as the income increases.
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8 Advantages of Leave Management System
Every organization, irrespective of size, requires a proper leave management system to be put in place. It is necessary for a variety of reasons and ultimately contributes to increased productivity and efficiency
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Benefits of Payroll Software
For every organization, employees are considered as its main resources. In an organization if the employees are happy, then there are better chances of those organizations to prosper.
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ESIC notification contribution extended till May 15
ESIC has extended the ESI contribution for the month of February 2020 and March 2020 to 15th April 2020 and 15th May 2020 respectively on account of pandemic in the form of corona virus.
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Reasons to outsource payroll
This process of maintaining and processing the payroll seems easy at the initial stage of business, but as it grows, all the complexities start creeping in. Whereas employees have been treated as the assets of the organization, it is important from the organization’s perspective to adhere to it because if the employees are happy, only then the employer can be happy.
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What is WPS (Wage Protection System) in UAE
WPS is a electronic transfer system that allows employer to make payment of wages through banks, bureaux de change and financial institution.