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)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- Not able to file ITR
- Reporting of STCG on Property in ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- GST collection on rent receipts
- Clarification Required on Business Code for 44ADA
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Foreign inward in ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
