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Salary to employee

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 November 2011 whether overtime paid to employee, shall form part of salary for computation of income tax ? or shall be shown separately in the books of employer.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 November 2011 Overtime paid will be taxable in the hands of the employee because it is in the nature of salary.
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
25 November 2011 overtime wages also taxable under the head salaries only.
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