Income tax salary+tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2014
For the Financial year 2013-14 and Assessment year 2014-15,If an employee age is 65 Years.His Net salary(consolidated) is Rs.75,000 per month.If Tax point of Tax is borne by company.Company must be paid to employee Rs.75,000 P.M.
In the above case what is the taxable salary and tax amount.
Note:Gross P.M(75000+Tax)
In the above case what is the taxable salary and tax amount.
Note:Gross P.M(75000+Tax)
CMA Ramesh Krishnan
(Expert)
02 May 2014
yes. since tax portion also paying by the company then gross salary is Rs.75000+ tax amount
10 May 2014
yes as tax paid for employee by co is perquisite provided is included in salary.
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