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In India, we have to pay Income Tax if income increase the certain limit prescribed by the Government of India. You can check those Criteria and Slabs Here From the Financial Year 2019-20, Income Tax Department of India has introduced 2 Regimes of Tax Calculation as "Old Tax Regime" and "New Tax Regime" where the Taxpayer can choose any of the regime where he/she can save the maximum tax and can file the return New Tax Regime comes with many restrictions of Deductions. If you want to save Tax then New Tax Regime will be not beneficial for you because it restricts all the deductions such as 80C, 80D, 80TTA etc. New Tax Regime is only helpful for those who don't want to invest or they are not able to claim any of the following deductions mentioned below (points 1 to 10 as mentioned below) Now comes to Old Tax Regime, Every year people with huge income search for the best options to Save maximum Tax so that they don't need to pay excess tax to the government. ...

We are working in an Organization and the functioning's of each and every organization differs from one-another but there are some things still the same in all companies among of those the "Leave Types or Leave Policies" are one of them.  So, today we will give you the brief about all types of leaves available in any companies in India (1) Sick Leave: It's common from the name that Sick Leaves allowed in case of sickness and illness. Sickness may be instant or prior indicated. Ex. Fever, Cold etc. As per the most of the Company's Policy, Sick leaves lapse after the ending of That Financial or Calendar Year (depends of the leave cycle period). You can't carry forward the Sick Leaves to next Year (2) Casual Leaves: Casual Leaves are instant leaves taken because of situational happenings and there will be no prior indications regarding these activities.  Example: You woke up in the morning and your suddenly parents told you to get the Sister from the Railway S...