Pension is taxed as salary, except when received by family
Pension is taxable under the head salaries in your Income Tax Return. Usually pension is paid out pe...
Deduction of Tax from Salary U/s 192
Any person responsible for paying any income chargeable under the head “Salaries” is req...
TDS ON SALARY – EMPLOYEES RESPONSIBILITY IF EMPLOYER DEFAULTS
The Income-Tax Act casts responsibility on the employer for tax deduction at source (TDS) at the tim...
HOUSE RENT ALLOWANCE – CASE STUDY AND PROVISIONS
Employees generally receive a House Rent Allowance (HRA) from their employers to meet the cost of a ...
Taxation for Salaried Assessees
March, being last month of any financial year is scary for the salaried assessees (employees) and al...
DEDUCTION FROM SALARY FOR F.Y. 2013-2014/ A.Y. 2014-2015
The deductions from Salary for Financial Year 2013-14 are the following: 1. Entertainment All...