A person who works as part time accountant for different firms earning salary or accountant fee and derives salary as partner form a business. He works for 4 firms with each of them paying 6000 Rs./month.
!. Which ITR form should he use for e filing?
2. Is he eligible for standard deduction for the salary income received for working as accountant?
1. File ITR 3.
2. YES.
So to say he earns 288000 yearly. Do he have any other income, he needs form 16 from the employer. to my understanding, anyone employer gives form 16 he gets a 52500 exemption including professional tax.
Yes, he also receives salary from a firm where he is a partner.
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