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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

This blog will cover everything you need to know while considering taxable benefits so that you don't get caught off guard when tax time rolls around. What Is A Taxable Benefit? As we know, there are many benefits provided to employees in the form of pay. But some benefits need to be taxed and added to their income.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

This benefit can help demonstrate that you value work-life balance and support employees throughout different life stages. The contributions made towards the pf are eligible for tax deduction under section 80c of the income tax act, 1961. In addition, an additional tax deduction of up to rs. An additional deduction of rs.