Tag: managing finances
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Professional Tax Slab In Telangana
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Professional tax is a direct tax levied by state governments in India on individuals earning income through employment, profession, or trade. It’s a contribution to the state’s treasury for the resources and infrastructure used by working professionals. The tax is imposed based on an individual’s income, and tax slabs differ according to the state. The…
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What Is Dearness Allowance (DA) In Private Companies?
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Dearness Allowance (DA) is compensation provided to employees by either government or private sector employers. It aims to offset the increased cost of living from inflation. This allowance is calculated based on an employee’s basic salary and typically undergoes biannual adjustments in response to changes in the inflation rate. The term ‘Dearness’ in DA refers…