Tag Archives: #ExemptFromTax

What does it mean when an organization is tax exempt in India?

Exempt from filing ITR

Tax exempt Tax exempt: In India, a tax-exempt organization is refer to as a “charitable organization” or “charitable trust” and is exempt from paying income taxation under Section 11 of the Income Tax Act, 1961. This exemption applies to organizations that are establish for charitable, religious, or educational purposes, as well as those established for… Read More »

What is the amount of conveyance allowance tax limit that is exempt from tax?

Conveyance allowance tax limit

Conveyance allowance tax limit Conveyance allowance is a financial benefit provided by employers to their employees to cover expenses related to travel between their home and workplace. This allowance helps employees manage transportation costs effectively. However, like many benefits, the tax implications surrounding conveyance allowance can be complex. In this article, we’ll explore the tax… Read More »