Category Archives: Accounting

The IASB Framework

The IASB Framework sets out the concepts and principles underlying the preparation of financial statements for presentation to a wide range of users. This framework acts as a guideline, a regulation and sets out the scope of International Accounting Standards. … Continue reading

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Home Page > Finance > Accounting > Income Tax, Income Tax Planning, Basic Pay In Salary, Gratuity Limit, Tax Slabs, Tax-Free Gratuity Limit Income Tax, Income Tax Planning, Basic Pay In Salary, Gratuity Limit, Tax Slabs, Tax-Free Gratuity Limit

With the government raising the gratuity limit, it makes sense to negotiate for a higher basic salary to ensure a better payout. The Union cabinet’s decision to raise the tax-free gratuity limit from Rs 3.5 lakh to Rs 10 lakh is likely to become a tool for companies to retain employees. In 2008, when the … Continue reading

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How Accounting Works

This article is for beginners of accounting profession who just started their long way and already struggling to understand the basics. The starting point of almost any accounting course is an explanation of the double-entry bookkeeping system which then stands … Continue reading

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Simplify Your Tax System Right Away

No matter what the IRS does to simplify the tax system, it’s still difficult to understand. You can benefit, however, by making certain that your records are accurate and in order. You don’t have to be a genius at bookkeeping. … Continue reading

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