Salary heads

This query is : Resolved

amit (Querist)
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07 January 2017 For salary purpose How we bifurcate different heads and deduction mandatory as per income tax. please suggest me .

CA Suresh Jain

CA Suresh Jain (Expert)
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07 January 2017 1. Basic Salary, 2. DA , 3. Allowances e.g. HRA, LTA, Medical Allowance, Education Allowance, Transport Allowance etc. , 4. Perquisites e.g. Free Lunch, Food Coupons, Rent Free Accommodation, Car, Driver etc., Bonus, Commissions etc.

amit

amit (Querist)
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07 January 2017 Thanks your reply, can u share limits as per income tax for allowance which is taxable.

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CA Suresh Jain

CA Suresh Jain (Expert)
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07 January 2017 On the top right side of the website you will find Register button, to register your client with his PAN follow the step as guided by the web site. After you log in, you will find on left a menu to view the returns.