Topic
salary
7 guides on salary.
Finance
Gratuity in India — eligibility, formula and ₹20 lakh cap explained
Gratuity in India needs 5 yrs of continuous service. Formula: (last basic + DA) × 15/26 × years. Capped at ₹20 lakh and tax-exempt for covered employees.
2 min read
Tax
How to read your Form 16 — what every section means (with auto-extractor)
Your Form 16 has 4 main sections: identification, gross salary breakdown, deductions, and tax payable. Here's what each field means and how to use it for ITR filing.
5 min read
Finance
CTC vs in-hand salary — why ₹15 LPA only puts ₹1 lakh in your bank
A ₹15 LPA CTC translates to roughly ₹1.05-1.1L/month take-home. Employer EPF, gratuity, income tax and your EPF eat 25-30% of CTC. Full breakdown inside.
5 min read
Tax
Income tax on ₹15 LPA salary — old vs new regime (FY 2025-26)
Old regime tax on ₹15L salary with full deductions: ~₹1.4L. New regime tax: ~₹97k. New wins for ₹15 LPA earners without 80C+24b. Full math comparison.
6 min read
Tax
HRA exemption — the three-rule formula and 5 mistakes that cost you
HRA exemption = least of (a) actual HRA, (b) rent − 10% basic, (c) 50%/40% basic. Plus Aadhaar-PAN landlord rule, parents-as-landlord trick, self-employed.
3 min read
Tax
TDS on salary (Section 192) — how employers calculate monthly
Section 192 mandates monthly TDS on estimated annual salary. How the employer projects your tax, why Jan-Feb deductions spike, and how to control the math.
2 min read
Tax
Professional Tax in India — state-wise slabs (MH, KA, TN, WB, GJ, AP)
Professional Tax (PT) is a state levy on salaries capped at ₹2,500/year. Slabs and exemptions differ by state. Complete state-wise map for FY 2025-26 inside.
2 min read