Income From Salary
This query is : Resolved
19 January 2009
Dear all Members If One Person's Salary is 20000 Monthly But Every Month He is Getting 15000 Lumpsum Amount in hand after the Deduction of Salary for those Days on which he is Absent. So For Tax Teatment and Return Filing Which Salay Will be Considered as Rs. 20000/- or Rs. 15000. This is The Deduction of Salary for those Days on Which he is Absent.
Thanks in Advance
Pls Let me Know as soon as Possible
Thanks in Advance
Pls Let me Know as soon as Possible
19 January 2009
hie this question is ask by you is fair or unfair so pl ask those question which are knowledgeable
try to understand the facts
thanks
try to understand the facts
thanks
19 January 2009
As far as the Company is concerned, salary paid by it for actual days employee is present only is debited to expenditure.
Salary "lost" due to absenteesim cannot be treated as either of application of salary or voluntarily foregone by employee.
Hence salary received by employee for actual number of days he worked only becomes taxable.
Salary "lost" due to absenteesim cannot be treated as either of application of salary or voluntarily foregone by employee.
Hence salary received by employee for actual number of days he worked only becomes taxable.
07 November 2021
Check the form 16 issued by the employer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
