15 February 2013
is salary of MPs an income from other source ?
Guest
Guest
(Expert)
15 February 2013
The Salary and Allowance of MP or MLA or MoC are chargeable under the head "Income from Other Sources" and not under the head Salaries, since there is no employer-employee relationship between the payer and payee.
The following amounts are exempt under section 10(17).
Daily allowance received by MP or MLA or MoC,
Any other allowance received by MP,
Any constituency allowance received by any person by reason of his membership of any State Legislature.
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