Hi
I want to know that what is the meaning of grade pay,B. R. Allowance, and what is the treatment of all these earnings in income tax.
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clarification on some terms in salary
Replies (3)
Dear Mohit,
As per Income tax there is no special treatment for"Grade Pay", i:e Entire amount is Taxable.
ALL other Allowances except those mentioned in Sec 10 are fully taxable...
Mr. Aamir is right
thanks Mr. AMir
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