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Getting a living allowance while working abroad? You might have to pay tax on it in India

Any allowance that compensates you for expenses incurred in the course of your employment is exempt from tax under the Income Tax Act. This is irrespective of whether it is for services rendered in India or overseas. But the allowance must be backed by bills or a declaration from the employee that the money was used for the intended purpose.

Satire: In 2024, Jesus chose Mulago over the rest

If breweries pay a lot of taxes, then it’s all thanks to the real taxpayers behind these breweries. These are the fellows who operate gymnastics at watering holes in the evenings

Tax on ESOPs - How NRIs can navigate the rule book

Indian multinationals such as Infosys and Wipro are known for granting ESOPs (employee stock ownership plans) to their employees. If you work at any of their overseas offices, the taxation of your ESOPs will depend on the tax rules of India, the country where these companies are based, and of the country where you reside.

Spirits Up, Say Tax Receipts

Sales of mixed drinks, liquor and beer in Arkansas last year show, unsurprisingly, a decided uptick over those in 2020.

DIRE - Tasse, la ricetta di Berlusconi: "Subito un robusto taglio, poi faremo la Flat Tax"