Taxable Salary
This query is : Resolved
Bharati Sharma
(Querist)
13 June 2009
Dear Experts,
Plz suggest - Taxable Salary - Actually Recd OR CTC /Package fied by the co. (if)
Actaul recd is less than the fixed salary due to late kark deduction / leaves..
Thanks for support.
Bharati Sharma
Plz suggest - Taxable Salary - Actually Recd OR CTC /Package fied by the co. (if)
Actaul recd is less than the fixed salary due to late kark deduction / leaves..
Thanks for support.
Bharati Sharma
13 June 2009
Taxable Salary means NOT the Actually Recd salary NOR CTC /Package salary. It depends on certain calculation as per income tax Act.
like, The HRA is taxable upto minimum of 3 amounts, calculated as per the Act.
Similarly, conveyance allowance is not taxable upto 800 per month, however you receive this from employer, and its included in CTC as well as take home.
like, The HRA is taxable upto minimum of 3 amounts, calculated as per the Act.
Similarly, conveyance allowance is not taxable upto 800 per month, however you receive this from employer, and its included in CTC as well as take home.
vinod kumar lalwani
(Expert)
13 June 2009
hi
in case of income tax, tax is levied on amount of salary due to employee not recd.
while it may be possible that on certain contents your employer have to pay tax as FBT on Perqsites or fringe benefits and on other components you have to pay tax
so your as per above your salary will be taxable.
in case of income tax, tax is levied on amount of salary due to employee not recd.
while it may be possible that on certain contents your employer have to pay tax as FBT on Perqsites or fringe benefits and on other components you have to pay tax
so your as per above your salary will be taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- GST on reimbursement of expenses
- Query on effect of registration of property
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
