Retirement Fund

Retirement Fund

Retirement fund, often known as pension funds, are investment choices that enable people to set aside a portion of their earnings for their retirement. These funds provide a consistent source of income after retirement; a retiree receives an annuity on their...
Perquisites

Perquisites

In essence, perquisites are privileged earnings or profits that are not included in a standard wage. In actuality, they are extra advantages on top of a person’s wage. It’s important to realise that perquisites are both taxable and exempt. Salaried...
GST on Freight Charges- Who can pay and exemptions

GST on Freight Charges- Who can pay and exemptions

When a Goods Transport Agency (GTA) is required to pay tax on a specific freight service at a specific rate, this is referred to as GST on freight. When it comes to the GST rate on freight charges, there are two alternatives. This tax may be paid by GTA at a rate of...
Difference Between GST and VAT

Difference Between GST and VAT

GST, or Goods and Services Tax, has cast a shadow over India’s indirect taxation system, which includes VAT, excise duty, and service tax. The fundamental reason for this is because taxes no longer have a cascading effect on the economy. VAT (Value Added Tax) is...