• Team Antworks

Cost To Company – CTC: Cost to Company or CTC as it is commonly called, is the cost a company incurs when hiring an employee. CTC involves a number of other elements and is cumulative of House Rent Allowance (HRA), Provident Fund (PF), and Medical Insurance among other allowances which are added to the basic salary. These … Continue reading “Difference between Take-Home Salary, Net Salary, Gross Salary and CTC”

• Team Antworks

What is GPF? GPF or General Provident Fund account is a provident fund account which is available for government employees. A government employee can become a member of the fund by contributing a certain percentage of their salary to the account. The accumulations in the fund is paid to the government employee at the time of superannuation … Continue reading “Difference between GPF and PPF”

• Team Antworks

The cost inflation index (CII) is a means to measure inflation, which is used in the computation of long-term capital gains with regard to the sale of assets. Cost inflation takes into account the Consumer Price Index (CPI) for a given year for urban non-manual employees for the preceding year. As the price of a … Continue reading “Cost Inflation Index”

• Team Antworks

The GST Composition Scheme Rules are designed to ensure procedural compliance with regard to intimation for the scheme, restrictions and conditions on levy, effective date for levy, tax rate, and validity of levy. The following are the GST composition rules: Intimation for Composition Levy Individuals who have already registered under the pre-GST regime, and have … Continue reading “Composition Scheme Rules under GST”

• Team Antworks

Chhattisgarh Road taxes are levied on the basis of several criteria including class of vehicle, weight, number of passengers, price, number of vehicles etc. The taxes are levied on a life time basis which allows you to ply your vehicle on the state’s roads throughout the life of the vehicle once the tax has been … Continue reading “Chhattisgarh Road Tax”