Why PSU Employees Assume Leave Encashment Is Always Tax-Free A lot of PSU employees treat leave encashment like a quiet bonus, money the company hands you that somehow stays off the tax department’s radar. I hear this most from new joinees who haven’t sat through a payslip with TDS deducted on an encashment payment yet. … Read more
What Actually Happens If You Can’t Pay Your HBA EMI There is no penalty and no late fee, not the way a bank loan default works. Your House Building Advance EMI is deducted directly from your salary by your PSU; you never pay it yourself. If your salary in a given month cannot cover the … Read more
What Is Form 16 and Why PSU Employees Cannot Ignore It Form 16 is a certificate your employer issues every year. It shows your total salary income, all allowances like TA/DA, medical benefits, LTC, and the tax deducted from your pay during the financial year. Think of it as your official income and tax statement … Read more