Salary Components Related Articles

Mar - 2018

25

Salary Income under Income Tax

Salary Income under Income Tax

Salary Income under Income Tax Salary income refers to the compensation received by an employee from a current or former employer for the execution of services in connection with employment. Thus, income is taxable as salary under Section 15 only if an employer-employee relationship exists between ...

Dec - 2017

05

Which Salary Components are Taxable?

Which Salary Components are Taxable?

Which Salary Components are Taxable? Salary is one of the taxable heads of income under the Income Tax Act. There are a number of components in an employee's salary. Some of them are fully taxable, some are partly taxable and some are completely exempted from income tax. If the taxpayer understands ...

Dec - 2017

05

Salary Components

Salary Components

Salary Components Salary is an agreed payment received by an employee from the employer at regular intervals in exchange for work. Under the Income Tax Act, Salary is the first head of income. It is important to understand the different components in salary for smarter tax planning. There are many ...

Oct - 2017

11

Income Tax on Salary and Filing Salary Returns

Income Tax on Salary and Filing Salary Returns

Income Tax on Salary and Filing Salary Returns Salary is one of the most frequently used heads of income at the time of filing an Income Tax return. Heads of Income under the Income Tax Act are avenues of classification of the income earned by a taxpayer. The head 'Salary' is used whenever there is ...

Check After 🔎 Some Time