29 March 2012
what is the meaning of government employee in income tax act?whether employee of companies in which 75% of paid up capital is held by CG is government employee?
29 March 2012
No, The government employees and the employees of Public sector Companies are different. I your case they are employed by the government company but not by the govt. the definition of govt is same for all the pupose under IT Act.
but generally it includes post office employees, railways employees, local body's employees, ans at times statutory corporation employees like RBI. In Nutshell, Generally employees working in the government dept are govt employees.
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