Salary arrears, advance pay, gratuity and certain other lump-sum payments can increase your tax liability by pushing up your total income for a financial year. To reduce this burden, the income tax ...

Here’s a tip that no one asked for. A self-identified waitress recently took to social media with a simple message for patrons: gratuity is not a tip. “Gratuity is gratuity, and a tip is a tip,” the ...