banner_ad

Income from salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 May 2009 Suppose there is a condition for a person before joining the bank that the person should keep a fixed deposit of Rs 50000/- on which the bank would give 10% return. Whether such income would be included under the head income from salary as keeping deposit is the main condition for getting employment in the bank?? Please provide supporting reasons
Profile Image

CA CS CIMA Prakash Somani

Profile Image

CA CS CIMA Prakash Somani (Expert)
20 May 2009 No it will not be treated as salary income.
Profile Image

CA CS CIMA Prakash Somani

Profile Image

CA CS CIMA Prakash Somani (Expert)
20 May 2009 otherwise even if it is normal deposit you will show it as essential for job and get it included in salary, which is not allowed.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
20 May 2009 agree with the expert
Profile Image

Jiwan singh

Profile Image

Jiwan singh (Expert)
21 May 2009 its not income from salary,its income from other sources
Profile Image

O.D.SHARMA

Profile Image

O.D.SHARMA (Expert)
21 May 2009 Dear,There is no connection in salary income & intrest income.Both to be treated seperately.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details