LAFHA
Lafha allowance: A basic necessity of employees
It is always important for the organization to present the right lafha allowance to the employees so that they can work efficiently for the organization and the firm can get a chance to achieve the goal in a faster manner. lafha allowance identifies the actual monetary prize offered towards the staff member as a way to fulfill the every day...
Few things to look at while planning living away from home allowance
While you as a business man are designing a good salary structure that includes living away from home allowance is crucial to include in the package. This is a special type of allowance that is designed for those who are away from family and home to work elsewhere. This kind of allowance is something that always differs in respect to the area...
What is the tax treatment for LAFHA?
Before giving LAFHA to the employees, there is a particular type of tax treatment which needs to be taken into consideration. The complete taxation process which is related to living away from home allowance is described here. Compensation for any kind of expenses is received with such allowances. Besides, there are also certain...
Significant benefits of LAFHA
Do you have to move do some other location which is away from home location for the work? If this is the case then you can actually claim for LAFHA which refers to living away from home allowance. The foremost criteria that you need to have which will make you eligible for LAFHA is that you need to reside temporarily or permanently for work...