special allowance of Rs. 6000 monthly. This amount is entirely taxable. Now, an employee can consider Rs. 1,600 from Rs. 6000 as his conveyance allowance and seek tax exemption for it. However, it is a good idea to consult a tax expert before claiming tax exemptions for conveyance ...
Got kids? There’s a similar effective hike in the marginal tax rate when either parent earns over £50,000 a year and so isdisqualified from claiming child benefit. See if you can increase your pension contributions in order tokeep your child benefitand so avoid being penalised. ...
Additional Income If you have a substantial amount of income outside your job, such as income from freelancing or money from investments, you should claim fewer allowances than you actually have. Claiming fewer allowances means the employer withholds more money from each paycheck, and that can r...
widower's allowance, or spousal allowance is intended to fill a short-term gap, whereas a survivor's benefit, as determined bySocial Security, supports a surviving family member long term. Claiming retirement is both different and compatible with claiming survivor's benefits. You...
(providing it is in principle chargeable to tax under section 7(2) ITEPA 2003, even though not earning enough to pay income tax, i.e. that the earnings are below the £12,570 personal allowance for income tax does not prevent the pension scheme claiming the 20% tax relief for you)....
(Besley and Case, 2000; Case and Deaton, 1998; Alesina and La Ferrara, 2005; Thomas,1990; Duflo, 2003; Edlund and Pande, 2002; Chattopadhyay and Duflo, 2004). Such sexdifferences are now leading to promotion of gender equality as a potent means of humandevelopment2(Duflo, 2012; UN, ...
Again, this depends on where you’re claiming from and what’s being claimed for. Your status may also impact your claim, such as whether you’re self-employed or an employee working remotely. As we’ve seen,remote employeesin the UK can claim £6 per week for remote work without the...