rediffGURU T S Khurana answers readers' personal income tax queries
Bhambri's exit from men's doubles brings down curtains on India's challenge at Australian Open.
LTA can be claimed only for domestic travel and is available for two journeys within a block of four years.
One of the most exploited provisions is Section 10(13A), which permits exemption on HRA.
The tournament's once-robust pool of around 300 line judges has been cut to 80 and they will serve as "match assistants", who support chair umpires and step in should the ELC -- powered by more than 450 cameras -- fail in any of the 18 courts in use.
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Deductions missed in Form 16 can still be claimed while filing ITR.
If you don't use the two LTA exemptions by December 2013, one can be availed of in 2014-17.
The government has made employers responsible for verifying whether the claims filed are according to the law. Earlier, companies went only by self-declaration of employees.
According to a government notification, the employees can avail the LTA only if they travel by Indian Railways or Air India and state transport corporation buses.
Read the illustration here to find out how you can milk your LTA benefits to the maximum.
Defining Leave Travel Allowance: Leave Travel Allowance (LTA) is granted by the employers to the employees as part of the remuneration to provide for travel expenses incurred during the year.
Andy Murray's illustrious career finally came to an end as he and doubles partner Dan Evans were beaten 6-2, 6-4 by American pair Taylor Fritz and Tommy Paul in the Olympics quarter-finals at Roland Garros on Thursday.
Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures such as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied on automated bookings for internal or closed user groups such as business travel platforms and reducing the total number of licenses required to establish a hotel. "A full-blown infrastructure status for the hotel sector and further rationalisation of the Goods and Services Tax (GST) and a Central single window clearance for hotel projects are some of the major expectations from the Budget 2024," Roseate Hotels & Resorts CEO Kush Kapoor said in a statement.
Form 16 contains details of salary income, deductions, and exemptions.
The Indian Davis Cup squad will travel to Pakistan for the first time since 1964. India defeated Pakistan 4-0 in their most recent neutral site match in 2019.
Wimbledon will allow Russian and Belarusian players to compete at the grasscourt Grand Slam as 'neutrals' this year.
rediffGURU and financial planning expert Colonel Sanjeev Govila will answer your personal finance-related questions.
Ramkumar, Poonacha and Saketh Myneni had a light session that lasted two and a half hours.
Wimbledon was the only Grand Slam to ban competitors from Russia and Belarus last year.
In his mixed doubles, Rohan Bopanna and Indonesian Aldila Sutjiad beat German pair Andreas Mies and Vera Zvonareva 7-5, 6-2 in US Open first round match on Thursday.
Williams and Jabeur won their first two matches in the tournament and were scheduled to play in the semi-finals
Andy Murray was targeting a return to the tour at the Miami Open in March before the season was suspended due to the COVID-19 pandemic.
Ahead of this year's Wimbledon, Russian and Belarusian players signed personal declarations that cleared them to compete in this year's Championship.
The decision to lift the ban was met with protest from Ukraine, whose Foreign Minister Dmytro Kuleba said it was "immoral" and urged Britain to deny Russian and Belarusian players visas.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
India's singles challenge at the US Open qualifiers came to an end as Yuki Bhambri was handed a straight-set defeat by Belgium's Zizou Bergs in the second round in New York.
'The ability for players of any nationality to enter tournaments based on merit, and without discrimination, is fundamental to our Tour.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.
She will first team up with Tunisian world number four Ons Jabeur for the doubles event at Eastbourne which gets underway this weekend.
Your financial goals are of utmost importance and the tax saving is an added incentive, advises Dwaipayan Bose.
India's Divij Sharan and his Argentine partner Federico Delbonis crashed out of the French Open after suffering a narrow defeat against Australian duo of Matt Reid and Alex de Minaur.
Ankita, ranked 182, had only one break point in the match, which she failed to convert.
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