Reimbursements News

Effective use of salary components, such as leave travel allowance (LTA), house rent allowance (HRA) and reimbursement can help you save tax at the end of the year

Check how many reimbursement components and allowances are part of your salary structure at a new job and whether they offer income tax benefits

Several salaried people admit they have little understanding of their salary. Here is an attempt to give you a sense of how to understand your salary structure

A poor budget for the salaried class: no change in income tax rates or slabs, marginal relief from standard deduction but a higher cess

Benefits for the salaried under the proposed Rs40,000 standard deduction will be neutralized by inclusion of transport and medical allowances and 1% hike in health and education cess

RBI says the govt appointees on the Monetary Policy Committee will be paid Rs1.5 lakh per meeting along with air travel and other reimbursements

A Pentagon spokesman says the funds could not be released to Pakistan because Pakistan has not taken sufficient action against the Haqqani Network

The Pentagon says the funds could not be released to Pakistan as US secretary has not certified that it has taken action against the Haqqani network

An employee can claim the reimbursement not only for medical expenses incurred for herself but also for spouse, and dependent children and parents

Here’s a look at the best ways to claim LTA