Calculation Of Income Tax

 Calculation of income tax (for salaried person and excluding house rent allowance) Salary is made up of various components such as:   Basic salary,    House rent allowance (HRA),   Special allowance Other allowances, reimbursements etc.   However, not all of the amount received as salary is fully taxable. A part of it … Read more Calculation Of Income Tax

National Educational Research And Training Council

 National Educational Research and Training Council The National Council of Educational Research and Training (NCERT) is an autonomous organisation of the Government of India which was established on 1 September 1961 as a literary, scientific and charitable Society under the Societies’ Registration Act (Act XXI of 1860). Its headquarters are located at Sri … Read more National Educational Research And Training Council

Role Of Institutions In Promotion Of Education

 Role of Various Institutions (Central, State and Other Organizations) in Promotion of Education   Education is one of the important tasks undertaken by the present modem Governments. In 1921, the department of education came under the control of Indian Minister. Between 1921-1940, there was rapid expansion of educational institutions and enrolment of students. … Read more Role Of Institutions In Promotion Of Education

Internal Control

 Revision notes/ quick bytes Paper I, Part C: Accounting and Auditing: Internal Control   Internal Control: Internal control comprises of the plan of the organisation and all the coordinate methods and measures adopted within a business to safeguard its measures adopted within a business to safeguard its assets, check the accuracy and reliability … Read more Internal Control

Employment Trend

 JOB CREATION   As outlined in the NITI Aayog’s Action Agenda, India suffers more from the problem of underemployment (i.e. low-productivity, low-wage jobs) than unemployment as for example: In 2011-12, agriculture engaged nearly 50% of the workforce but contributed 15% to GDP In 2010-11, within manufacturing, small firms employed 72% but output was … Read more Employment Trend

Panchayat Financing And Devolution

 Panchayat: Financing, Resource mobilization and devolution Sources of Funds The Amendments left important matters such as implementation, service delivery (including local capacity building) and transfer of responsibilities and powers to rural local bodies at the discretion of the state legislatures. Consequently, while expenditure responsibilities of local bodies are extensively enhanced, there is no … Read more Panchayat Financing And Devolution

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