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INCOME CHARGEABLE UNDER THE HEAD SALARY ? EXPLAIN

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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mike harish commented 10 months ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Income Chargeable Under the Head Salary The following Incomes are chargeable Under the Head Salary. •Salary received by any employee (Govt or Private) •Any Pension received after the Service period is chargeable to tax under salary head. •Bonus Received is also taxed under salary head •Dearness allowances, HRA, Travelling allowance and different allowances are charged under the head salary. •Perquisites received from employer which are taxable come under the head salary.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Salary received by any employee (Govt or Private) Any Pension received after the Service period is chargeable to tax under salary head. Bonus Received is also taxed under salary head Dearness allowances, HRA, Travelling allowance and different allowances are charged under the head salary.

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Data?1494421730 answered

Salary charging section – 15 Any Salary due from an employer or a former employer to an assessee in the PY, whether paid or not. Bonus is taxable on receipt basis and is included in the gross salary in the year in which the bonus is received. Any Salary paid and allowed to him in the previous year by or on behalf of an employer or a former employer though not due or before it became due to him. Any arrears of salary paid or allowed to him in the previous year by or on behalf of an employer or a former employer, if not charged to income-tax for any earlier previous year. But these are not salary- Salary received by a partner from his partnership firm carrying on business. Salary received by a partner from his partnership firm carrying on business. Family pension that is pension received by the members of the family of an employee subsequent to his death. Salary is chargeable to tax on due or received basis whichever is i) Due basis – when it is earned even if it is not received in the PY Arrears ii) Receipt basis – when it is received even if it is not earned in the PY Advance

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

INCOME CHARGEABLE UNDER THE HEAD SALARIES Hi, Following are the income chargeable under the head salaries to income tax Any salary which is due from an employer or a former employer to an assessee in the previous year whether it is paid or not. Any salary paid or allowed to an assessee in the previous year by or on behalf of employer or former employer even if it is not due any arrears of salary paid or allowed to him in the previous year by or on behalf of employer or former employer if not charged to income tax for any previous years. Thanks

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Open uri20170510 32134 tcchcu?1494421832 answered

Hiiii friend.... Income Chargeable Under the Head Salary --------------------------------------- The following Incomes are chargeable Under the Head Salary. - Salary received by any employee (Govt or Private) - Any Pension received after the Service period is chargeable to tax under salary head. - Bonus Received is also taxed under salary head - Dearness allowances, HRA, Travelling allowance and different allowances are charged under the head salary. - Perquisites received from employer which are taxable come under the head salary. - And any benefit which arise from employer-employee relationship come under the head salary. - The allowances must be shown as full after that exemption must be claimed. ......etc Regards,

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