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How to Calculate Income Tax on Perks?



Income Tax Calculator

Did you know that people who work for large Indian and multinational receive benefit just beyond salaries? Yes, it may include some lifestyle perks such as club membership and company accommodation.

The growth in business operations and competition for talent acquisition are now peaking in India. It is leading even the mid-sized organisations to offer perks other than salary.

However, the income tax regulations keep evolving, and it’s not clear to all whether these extras are tax effective or not. Some salary perks such as the mediclaim (does not qualify as the lifestyle perk), is an efficient benefit provided to employees.

You can also use the income tax calculator to calculate tax on salary perks. Some financial portals have this facility to help you know more.

In the same context, we have clubbed some company salary perks and how can they benefit you.  

  • Company Lease or Rent on Own?

An employee needs to choose the best options by measuring the aggregate tax benefits.

When you are opting for a company lease, the amount paid as rent by your employer gets deducted from your salary. As a result, your taxable income while filing form 16 gets trimmed to that extent.

Nonetheless, the pre-decided value of such accommodation is added to your taxable income. The value is lower of

  1. 15% of taxable salary excluding the perquisites’ value
  2. Actual rent paid by your organisation

On the other hand, for a self lease, you can ask for HRA exemptions. The tax HRA tax exemption is computed as the minimum of some conditions such as:

  • Definite HRA on your Salary Slip
  • 40-50% of the basic salary
  • The rent figure deducted after 10% of the salary amount

Employees living in New Delhi, Mumbai, Kolkata and Chennai, have their HRA calculated at 50% of your salary. For all other cities and towns, it is 40% of the salary.

You need to calculate the net income tax benefit by using the income tax calculator India facility. It will help to find which the best way to receive a higher tax saving. If you observe that you are saving more via the HRA claim, it’s always better to go for personal accommodation.

  • Driving a Company Car

Has your employer provided you with a car lease option? Then, you should consider availing of it as would work out to be a tax efficient option.

In all such cases, the EMI paid by the company to the car leasing company could be deducted from your salary. As a result, it could result in a decrease in the final taxable income.

All perquisite values are equal to Rs.1,800 per month if the car’s cubic capacity is up to 1,600. Cars with higher cubic capacity, the value could be Rs.2,400. What’s more, even Rs.900 per month gets added if you are also availing a chauffeur facility.

  • Lifestyle Benefits

Corporate club membership subscription shares offered by an employer to assist you to join a club is treated a tax-exempt perquisite. If you have availed the facility for business purposes, you need to have the details related to all types of expenditures. The company will offer a certificate about the same to you.

Also, the food coupons’ provided by the company, which is usable only at eateries, are not liable for tax. The only thing is that the value of food coupons should not go beyond Rs.50 per meal.

You are now aware of how you can do some income tax planning on salary perquisites. You can also take the assistance of the online income tax calculator to compute taxes on salary and other details. You could also seek the help of a financial planner to assist you to dig deeper.   

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How to Easily Develop Your Business Online?



How to Easily Develop Your Business Online?

Business is the most suitable option for many people these days. Most of the people are unable to thrive under the pressure of multinational companies and they come out with the idea of starting their own business rather than working for someone else. Most of these people despite starting their own business they wouldn’t be able to develop it due to various problems.

If you are not earning the amount you are expecting to earn in your business due to the heavy competition, you can always start an online business to gain some additional profit. There are various business options available online and you can choose from any one of them based upon your skills. If the initial business starts going well, you can also do multiple businesses online increasing your profit along with the main business. In order to start a business online, you might require a small amount of funding.

Get Loans For Your Business despite poor credit

You can use the money from your business profits or obtain very bad credit loans with no guarantor and no broker from the private lenders for instant cash. Even though the interest rate might be high with these private lenders in order to obtain immediate money despite your poor credit, this is the only source available in the market. After getting the money, you can start to prepare for your online business.

Identify Your Skill

In order to start a proper business, you need to identify your skill. You can develop any kind of business into a large venture depending upon the interest you have in that particular business. You can sell any of the products online from software to normal sauce and jams. So initially, you need to identify the proper skill you have and start researching in that particular market. After researching the market for that particular product, you can create a blueprint for developing the business. You can also use Google keyword planner to take an analysis of how many people have searched for that particular word you are planning to develop into a business.

Implement Your Idea

After drawing a proper blueprint and getting the money, you can implement your ideas in the business. You can open an online store or a website, which is a simple and easy process. If you cannot open a website, you can always hire a freelancer to open a website for you and design it as per your requirement. There are many freelancers available in the market and with a proper interview, you can hire a skilled person for a cheap rate.

After hiring a proper person, make sure he designs the website according to your ideas. After opening the website, the next step is to produce the product so that it would be available for the person ordering online. Therefore, if the product can last for many days you can produce as much quantity as you want.

Manage Your Business

If the product is a temporary one, and you need to throw it away after a few days like food products then make sure to produce the proper amount so that you don’t end up in a loss. If you have produced many products and unable to sell it, you can always try to use a discount sale method to sell the product faster. Also make sure your online business complements the current business you are having so that you can sell both the product side by side and in the future, you can easily join them without any kind of problem.

For example, if you are doing a bakery business right now you can open a jam or a sauce store online. So that even if the products you prepared might be impossible to sell online, you can always sell it in your Bakery. This way your product will not face any kind of losses and you will also gain customers from all over the city.


Advertising is one of the major requirements in each and every single business. So make sure to advertise your business all over the social media, which is quite easy and cost-free. You can open a Facebook page for your business and share it with your friends and relations along with your customers in the main business. After gaining more number of customers in your online business try to link them to your main business by displaying the advertisements on your website. You can always try cross advertising by advertising your main business on the website and your website in the main business by giving away pamphlets to your customers.

Start Outsourcing

Sometimes you might face a certain crisis in your business, which might be difficult for you to encounter like financing, advertising extra. For these requirements, you can always try to obtain a person from outside or outsource your business so that they would take care of that particular problem. There are many persons available online to provide help, especially in outsourcing. You can always try to outsource through the various freelancing websites or you can hire a professional person to help you run your business.

With the help of these following steps, you can open your own business online. These online businesses do not require a lot of your time and with proper hard work and advertising, you can increase the customer base in your online business. If you require money for developing the business, you can always obtain loans for bad credit with no guarantor and no fees on an instant decision from the private loan lenders instantly for emergency conditions. Make sure to pay these loans properly and on time.

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How To Come Out of The Debt Trap Faster By Consolidating Your Debts?



How To Come Out of The Debt Trap Faster By Consolidating Your Debts?

Acquiring so many debts at one time is not beneficial

as it lets people to fall down in the financial problem. People, who do not follow the right financial plans, often face obstacles in their financial career. These people need to repay their loan dues to get further lending opportunities and improve the current financial situations. The mainstream lending institutions cannot allow them the loans if they are already in the debt and not paying it.

Here, the modern lenders can be considered, as many of them are providing debt consolidation loans with bad credit and no guarantor to the public of the UK. One must know that the age of 18 is must to borrow a loan and for such loan types, the borrower must also engage in any job or business activity which is getting him fixed income up to an extent to repay the money on time.

Features of debt consolidation loans:

There are various features of debt consolidations loans, which must be considered by the borrowers before applying for a loan. These features also work as the advantages of the loans for the people, who are grappling in the adverse financial conditions.

  • No constraint for bad credit:

One of the best features of the debt consolidation loans is that there is no restriction on the bad credit scores for the credit applicants. They can apply for such loans even when they have poor credit scores. But one more thing, which must be kept in the mind before applying for such loans that not every lender, is providing this feature. The reason behind it is that some lenders follow the conventional method to approve the online applications while some are working above than their risk by providing loans to the poor credit history holders also.

  • No requirement for a guarantor:

It is not compulsory for a borrower to show the details of the guarantor with the help of few online lending institutions. With the consideration of the fact that the bad credit holders cannot win the trust of the people so easily and consequently, they cannot arrange a guarantor with a good credit history. These short term loans come under the unsecured category and the amount of these loans is small. If you have a large amount of debts, then deposit any collateral that must be equal to the cost of the loan.

  • Loan Calculator:

Another feature of such loans, when you apply from the online mode for consolidating the loans is that you can calculate the amount of the installment and the rate of interest by using the loan calculator on the website of the lending company. It is useful and unpaid too for providing ease to the borrowers. Maybe somewhere, it might be paid, but generally, it is free of cost.  

  • Reduces cost of loan:

If you compare the interest rates, you were paying on the multiple debts with the consolidated loan. The cost of the debt consolidation loan will be lesser. It is because there you are paying different lenders on their different policies, which might differ from higher to lower but under this policy, you have to pay to the single lender, who will charge the same rate of interest for a particular policy.

  • Improvement in the credit scores:

A borrower can get the improvement in the credit scores on the credit profile by availing such loans and repaying them to the lenders on the time. These are most effective in bringing the betterment on the credit profile as the previous credit history clears with the payment of the debts with one debt and the person as a borrower gets chance to improve the further credit records.

Is there any disadvantage of debt consolidation loans?

The issue of high interest rates might seem (under unsecured loans) like a disadvantage to you but by submitting any security to the lender, you can get some concessions on the interest rates. These might not come to the reasonable as the policy is allowing the bad credit holders with no mandatory requirement for the cosigner. This is why the lender gets some fee with the slight high interest rates. Other than this, the collateral of the borrowers may come into the risk if you are not able to repay the loan. One more thing is that there are various loan sharks in the financial market, so you must be vigilant while searching for the suitable lender to know whether it is legitimate or not.

Merging all debts into a single one will not only allow you to have a financial relief but also grow your finances with better stability and security.

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Packaging Is A Significant Part Of The Nutritional Supplements Industry



Nutritional Supplements Industry

“Nutritional supplement” is an industry that is on the rise. The reasons are more aged people and growing health worries and a wish to adopt a better lifestyle. People are getting busier every day, and they are seeking simple ways of making their diets more nutritious. More nutritious refers to the herbs, proteins, fatty acids, and energy giving supplements in their diets. The increasing rate of lifestyle ailments that include obesity and diabetes are booting sales also.

According to a report, the turnover of the nutritional supplement market in 2017 was $40.17 billion. The greatest buyers of the dietary supplements market are Asia-Pacific followed by North America.

The increased demand for supplements has widened the scope for innovation of product and packaging.

Making the Package Design of Nutritional Supplements perfect

A nutritional supplement will give the customers full benefit if it’s packed well.

For maintaining potency, nutraceuticals and supplements need to have explicit packaging. Custom supplement packaging is the answer. It offers a dry environment, Protection against the light, anti-humidity characteristics, and airtight closures.

The Barrier characteristics of such packaging help in several ways.

  • It helps contents to stay fresh for a longer time
  • It guards them against outside stenches and vapours

Their dark colours lessen the content’s exposure to light.

Supplement packaging can provide an extensive range of benefits. There are the Stand-up pouches that occupy less space compared to rigid containers that include glass or plastic bottles.

The need for frozen food packaging

Usually, frozen food packaging has standards for shelf-life and quality. However, there are scopes for flexible pouch packaging for different products. Flexible frozen food pouches feature side and quad seal designs. They can come as pillow pouches, and zipper pouches, among others.  

Packaging is vital for small or medium size businesses who are trying to make their marks as a frozen food manufacturer. They help in preserving the quality of food quality and drawing the attention of the targeted audiences.

An essential part of the packaging is Innovative Digital Printing

The presentation is a vital part of food packaging. A quality packaging company will help a supplier of frozen food products with its digital printing flexible packaging.

The packaging company will commence with the uploaded artwork of its client. Its pre-media unit will then make a PDF that is ready for printing, and send the client a copy for consent.  The advantages that Digital printing offer are flexible text, graphics to be customized, and data characteristics like QR codes and barcodes. They can customize the whole product and prove to be an excellent deal for connecting the targeted audiences or unique products and campaigns.

Flexible packaging also lets the adding of sliders, spouts, and zippers. These can be termed as profitable flexibility for a business that needs packaging.

Some Pouches have sufficient space for holding quite a few liters of liquid. There are also compact pouches that are ideal for single dose products. A specialty is laminated film packaging. It is a convenient way of delivering products that include jellies, jams, and powders.

If you visit a nutritional supplement store, you can see the shelves have a line of pouches. The reason is that Pouches offer several benefits for consumers, packages, and vendors.

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