Salary limit
This query is : Open
25 March 2014
I am a male, and I work in a private limited company, I receive Rs.12000/- CASH (Rs.156000/-P.A including bonus), as salary per month, no Prof.Tax, PPF, ESI is deducted from my salary, and other income (tuition fee etc Rs.35000/-p.a)
If I show Rs.1,56,000/- as salary income in my ITR, is there will be any problem, as P.Tax as applicable on Salary exceeding Rs.7000/- + Can ITO ask me, about it...please reply Thanks & regards
If I show Rs.1,56,000/- as salary income in my ITR, is there will be any problem, as P.Tax as applicable on Salary exceeding Rs.7000/- + Can ITO ask me, about it...please reply Thanks & regards
25 March 2014
Fristly Professional Tax is, allowable deduction while computing Taxable Salary.
Seconldy your salary income is below basic exemption limit. NIL Chances of your case being picked by any ITO.
Seconldy your salary income is below basic exemption limit. NIL Chances of your case being picked by any ITO.
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