Related Articles
What is Tax-Free Salary? In case of Tax-Free Salary, is the amount of income tax paid by the employer required to be included in the taxable income from Salary?
When the employer agrees to pay tax on the Salary paid to the employee without applying any cap on the amount of tax to be paid, it can be said to be a Tax-Free Salary. However, this tax-free salary is also taxable in the hands of the employee. The ...
I am an employee of the Central/State Government in India. I am deployed on official duties outside India. Is my Salary paid to me in India taxable as income from Salary?
Yes, the salary received would be taxable in India. If a citizen of India renders services outside India, and receives salary from the Government of India, it would be taxed in the same manner as Salary accrued in India. (Sec. 15 & 9, Income Tax Act)
What are the different types of income that qualify as Salary under the Income Tax Act?
As a salaried person, you may be getting income in many forms. For the purpose of tax, the incomes that qualify as Salary are listed below: Salary: This is generally a monthly remuneration extended by the employer to the employee in exchange for the ...
My employer paid me Salary for a part of the financial year but my services were rendered for the full year. Do I need to pay tax on the entire amount of Salary due to me from the employer?
Any Salary due from an employer or a former employer to an employee in the previous year whether paid or not, is chargeable to income-tax under the head ‘Salaries’ (As per Clause(a) of section 15). In other words, the Salary accrued or which becomes ...
I have received the arrears of Salary through the Order of the Court. Am I eligible for the benefits u/s 89?
Yes. The section does not prescribe the modes of receipt of arrears or advance Salary. Once you have received it, the benefit is admissible to you.