Our collection of resources based on what we have learned on the ground
Resources
Q&A
What is transport allowance in India?
- December 2013
- Free Access
Transport payments of up to INR800 (US$14.22) per month for an employee commuting between residence and place of work are exempt from tax. In the case of blind or orthopedically handicapped employees, INR1,600 (US$28.61) per month is exempt fr...
Q&A
What is medical allowance in India?
- December 2013
- Members Access
An exemption for medical expenses is allowed for: Reimbursement up to INR15,000 (US$266.66) for medical treatment of the employee and family members Reimbursement of expenses sustained by an employee and family members in approved ho...
Q&A
What is the allowance for medical treatment abroad in India?
- December 2013
- Free Access
For medical treatment abroad, the actual expenditure incurred includes the travel and stay abroad of the patient and one attendant (if permitted by relevant authority). The ceiling for the gross total income excluding the amount to be reimbursed i...
Q&A
How are allowances taxed in India?
- December 2013
- Members Access
Leave travel is remunerated for meeting travelling expenses incurred by an individual and family members (this includes only the spouse, two children and dependent parents, brothers and sisters) while on holiday in India. The amount excluded depen...
Q&A
What is gratuity and who is entitled to it in India?
- December 2013
- Free Access
Gratuity is a lump sum that a company pays when an employee leaves an organization; one of the many retirement benefits offered by a company to an employee. Basic requirements for gratuity are set out under the Payment of Gratuity Act 1971. The Paym...
Q&A
How is gratuity received under The Payment of Gratuity Act different from any ot...
- December 2013
- Members Access
Gratuity received under the Act is exempt from taxation to the extent that it does not exceed 15 days’salary for every completed year of service calculated on the last drawn salary subject to a maximum of INR350,000. Any other gratuity i...
Q&A
How is gratuity paid in India?
- December 2013
- Free Access
The employer shall arrange to pay the amount of gratuity within 30 days from the date it becomes billed to the person to whom the gratuity is allocated. If the amount of gratuity payable under the section is not paid by the employer within the perio...
infographic
Anmeldeverfahren für Investition in Vietnams Entwicklungszonen
- December 2013
- Free Access
Folgende Infografik gibt Aufschluss darüber, wie Sie Investitionen in Vietnams Entwicklungszonen anmelden.
infographic
Anmeldeverfahren für Investition in Indiens Entwicklungszonen
- December 2013
- Free Access
Folgende Infografik gibt Aufschluss darüber, wie Sie Investitionen in Indiens Entwicklungszonen anmelden.
infographic
Entwicklungszonen in Asien
- December 2013
- Free Access
Die Infografik stellt kurz und knapp die einzelnen Entwicklungszonen in asiatischen Ländern dar.
Q&A
What kind of double taxation agreements does Vietnam have?
- December 2013
- Members Access
In Vietnam, double tax agreements impact both corporate and personal income taxes for residents of Vietnam or citizens of the country that Vietnam had signed double tax agreements with, or both. To be considered a resident, following conditions have ...
Q&A
How manufacturing in Vietnam will help targeting Chinese market?
- December 2013
- Free Access
With wages being about 30 percent of those in China and fairly low land use cost, Vietnam is an attractive manufacturing destination lately. The ASEAN Free Trade Agreement that China just signed eliminates import tariffs for thousands of products tha...
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