This article aims at discussing 2 easy and simple ways of adding a good amount of money to your packet each month even if you don't get a raise. I have seen that most of us are not well aware of how we can use various the components of a CTC to our advantage and hence are paying higher tax. Higher tax obviously means lower take home pay.

So, the idea is to lower the tax as much as you can and increase the money at your disposal. [More]

LTA is the short form for Leave Travel Allowance. It generally forms forms part of your CTC and can be used to claim tax rebates if you like to travel. Although it is good that salaried person is exempted from paying tax on the amount he spends on travel expenses of his family, he can only do so twice in a block of 4 years. [More]

It is a common question that always hovers on a salaried professional's mind.
Given the fixed amount of salary, what all you can do to increase the net take home amount? Is it really possible at first place?

Well, there are multiple options available for you to increase your take home given the fixed CTC or gross income. [More]

If you are reading this article, then you are most probably a blogger or own a website and have certain questions in your mind on how to treat your income from Google ADS (Adsense) or any other AD network income with respect to income tax.

Don't worry, we have answers to your queries. The main point to keep in mind is that whatever is the mode of income, it is taxable if you are a resident Indian. [More]

The full form of CTC is Cost To Company. It is a term which signifies the cost that a company would incur on you as an employee. The salary and other perquisites that your company pays you is actually cost for them and hence the term.

Your pay package defines what the company would pay you and it is normally defined in terms of yearly pay. The break up of various elements in CTC would talk about the basic salary, HRA (House rent allowance) and other such allowances.

Take home pay is what you actually receive at the end of month or salary period. The in-hand figure is calculated after deducting income tax (TDS) and other deductions as per company policies. [More]

Have you travelled on a short term assignment abroad from your company? If yes, then you must have received some amount as living and housing allowances to take care of your daily expenses. Generally, your company pays you a lump sum amount on daily basis to meet your housing, living and travel needs overseas when you are travelling for short term period of about 1 - 3 months.
For example, you might receive $100 per day as a lump sum amount when you travel to USA.

When you travel on short term assignments, your company keeps paying you your Indian salary in India and pays the daily allowances (called per diem) abroad in the native currency i.e. USD in our example. [More]

Barack Obama (President Of USA) has taken a new initiative to provide information about how a tax payer's contribution is spent by his government.

Anybody can know the break up of the expenditure by just entering his paid tax here on White house website. [More]