Subtract the final size from the original size to find the amount of the shrinkage. For example, if a felt square shrinks from 8 square inches to 6 square inches, subtract 6 from 8, resulting in 2 square inches of shrinkage. What is warehouse shrinkage allowance? Most third-party logistics warehousesRead More →
Conveyance Allownace Exemption Conveyance allowance is given an exemption of up to Rs. 19,200 per annum or Rs. 1,600 per month. The sections under which this exemption is applicable are Section 10(14)(ii) of Income Tax Act and Rule 2BB of Income Tax Rules. Is a vehicle allowance taxable income? GenerallyRead More →
A claim for Attendance Allowance cannot be backdated. The date of your claim will be the date you call and ask for a claim form as long as you complete and return it within the time given. How is Attendance Allowance paid? Attendance Allowance will be paid directly into yourRead More →
Child Benefit is a monthly payment to parents or guardians of children aged 16 years and under. If your child is in full-time education, training or has a disability and cannot support themselves financially, you are entitled to claim Child Benefit up until your child turns 18. Does child benefitRead More →