Lokshabha members
This query is : Resolved
22 February 2012
Salary of lokshabha member whether exempt and if yes to what extent ??
22 February 2012
Not exempt.The salary and allowances (except daily allowance and constituency allowance) received by the Lok Sabha members are not to be taxed under the head `Salaries' but under the head `Income from Other Sources'. Since it is taxed under the head `Income from Other Sources' TDS provisions doesn't attract and therefore,the members would have to discharge their tax liability by paying advance tax and / or self assessment tax.
23 February 2012
Thanks a lot sir...
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