WE HAVE MADE AN AGREEMENT WITH ONE OF OUR RETIRED EMPLOYEE WHOC IS AN ADVOCATE AS REATINER AND ARE PAYING RS 70000/- PER MONTH. WE ARE NOT PAYING ANY OTHER BENEFIT TO HIM EXCEPT HE MAY NE ALLOWED 30 DAYS LEAVE AND CAN TRAVEL IN COMPANY ACCOUNT. PLEASE ADVISE UNDER WHICH SECTION TDS SHOULD BE DEUCTED ? WHETHER U/S 192 / 194 9C ) / 194 ( J )?

Hi Sir / Madam

As per my CTC I am getting reimbursement against phone bill , news paper bill from my co. But my question is as per IT it is treated as salary or it is only expenses reimburesement on which co is paying FBT? Means it is taxable or not.

Regards
Anil

Medical allwance & Medical reiumbursement what is the difference.


plase sir

Am not very clear abt this calculation.

I need explanation with an Eg.

So pls. ans this Q.

Re.

Dear sir,

If owner of the house property hirring his house for lease how we want to treat as per income tax act ?


If we are in rental house and an assessee is hiring that property for lease how we want to treat as per income tax act ?

Our organizations 1. Proprietor 2. Partnership firm 3. Joint Venture 4. Company

1) If failure to TDS with in time, up to how many days/months we can pay with interest.
When the expenditure will be added to Profit (I mean when the expenditure will be disallowed) and what is the Rate of Interest on TDS

2) If we will have receive the Form 15H/15G up to how much amount we can receive the Form 15H/15G and what is the required data collect from Party (amount Receiver)

3) Please specify the appropriate form for following

If party (amount receiver) is an Individual / HUF
If party (amount receiver) is Firm
If party (amount receiver) is Company
If party (amount receiver) is AOP

4) please Specify the Do’s and Don’ts for receipts of above forms

Thanking you sir
With regards
Balu

Our company given medical allwance to employees

employees tax calculation avail that benefit employee are submit medical bills compulsory or not?

In which section in IT said medical bills compulsory ? please sir

i want to know meaning of FBT

The TDS deducted for a salaried employee takes care of his entire tax liability for the year.His tax liability for the year is more than Rs.5000

Does that person has to check whether he complies with section 211 of IT Act to see whether 30%, 60% and 100% of his total tax liability for the year is deducted and paid to IT dept. before 15 Sept, 15 Dec and 15 March respectively?

If not, which is section that says section 211 is not applicable to salaried employee?

The TDS deducted for a salaried employee takes care of his entire tax liability for the year.His tax liability for the year is more than Rs.5000

Does that person has to check whether he complies with section 211 to see whether 30%, 60% and 100% of his total tax liability for the year is deducted and paid to IT dept. before 15 Sept, 15 Dec and 15 March respectively?

If not, which is section which says section 211 is not applicable to salaried employee?