How to Calculate the Taxable Income on Salary?

M Venkat , Last updated: 15 July 2021  
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Basis of Charge of Salary (Section 15) Salary is Chargeable to tax either on a due basis or on receipt basis, whichever is earlier. Existence of an Employer and Employee relationship is a must. Income from salary taxable during the year shall consist of the following: Salary due fr

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M Venkat
(CA finalist)
Category Income Tax   Report

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