Salary related
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2016
An Individual received the consolidate salary of Rs. 30,000 P.M. on contract basis. No any clarification / bifurcation written in his/her appointment letter. In this case deduction under Transport allowances or House rent allowances are applicable or not.
Individual not having any investment in u/s 80 C.
Please give a suitable reply.
Thanks
Deepak
Individual not having any investment in u/s 80 C.
Please give a suitable reply.
Thanks
Deepak
26 August 2016
It appears that the remuneration received UNDER CONTRACT is not salary essentially. It should be considered as business income. However, it would further depends, how the payment slip is look like salary with content of basis salty etc, then I can help in better way. Thank you
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