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Who can avail HRA?

Who can avail HRA? This tax benefit is available only to the salaried individuals (opting for old tax regime) who have the HRA component as part of their salary structure and is staying in rented accommodation. Self-employed professionals cannot avail this deduction. How much is tax-exempted? The tax-exemption for HRA is the minimum of: Actual […] More

by Chander Bahadur September 19, 2021, 1:48 pm
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in Funding By8es

[Funding By8es] Edtech startup Leverage Edu raises $2M in debt round from Trifecta Capital

Edtech startup Leverage Edu will use the funds to fuel growth and make further inroads into the interiors, apart from accelerating product innovation in line with the student-first approach.

New Delhi-based foreign university admissions platform, Leverage Edu on Thursday announced that it had raised $2 million in a debt financing round from venture debt firm Trifecta Capital. According to the official statement, the funds will be used to fuel the company’s growth and make further inroads into the interiors of India, apart from accelerating […] More

by motiva8 June 10, 2021, 4:10 pm
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in News by8es

Not everything is dark in IndiGo’s earnings: Airline adds more aircraft, looks to extend cost advantage

The airline may have posted a loss of Rs 5,806.4 crore in FY21, but took delivery of a staggering 46 new aircraft in the 52 weeks between April 2020 and March 2021. At the end of March 2021, IndiGo had 285 aircraft in its fleet.

IndiGo, India’s largest carrier by fleet and domestic market share, announced a huge loss of Rs 5,806.4 crore for the financial year 2020-21. While the year has been an aberration and could be best forgotten, there is one area in which the company has had a laser-sharp focus—fleet renewal. Last year, by end of March […] More

by motiva8 June 7, 2021, 7:17 am
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in Resources

Father and Son

‘I don’t even know what that is,’ replied the boy. ‘But there was a photo of a man on the other side of the page, so I put the man back together and found I’d put the world back together too.’

A father was trying to read the newspaper, but his little son kept pestering him. Finally, the father grew tired of this and, tearing a page from the newspaper – one that bore a map of the world – he cut it into several pieces and handed them to his son. ‘Right, now you’ve got […] More

by Chander Bahadur June 2, 2021, 4:12 am