Explore the nuances of ex gratia payments, including why they are made voluntarily and their tax implications. Ideal for professionals and individuals in finance and law.
Explore what a stipend is, how it works, its implications, and who typically receives this form of compensation. Ideal for students, interns, and those engaged in training.
Explore the definition of an honorarium, how it differs from other types of payments, its common uses, and crucial tax information.
