my brother is working in infosys....
the followinng is my brother's salary slip given by his employer...
Earnings
Basic Salary 7,730.00
Fixed Dearness Allowance 1,100.00
House Rent Allowance 4,588.00
Medical Allowance 2,868.00
Transport Allowance 1,146.00
Leave Travel Allowance 2,868.00
TPI Incentive 2,944.00
BonusExgratia-AdvancePmt 1,678.00
Total 24,922.00
Deductions
PF Contribution 1,060.00
Professional Tax 938.00
Income Tax 194.00
Infosys Welfare Trust 150.00
Transport Deduction 250.00
Salary Loan 1,000.00
Total 3,592.00
i have an doubt regarding income tax of Rs 194 shown in deductions....
1.whether it is income tax i.e advance tax?
2.if yes,whether is there any provision in income tax that employer can deduct income tax other than professional tax from salary ??
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Doubt regarding salary slip.....
Income tax means TDS dedcucted from the Salary as per sec 192B of the Incomer tax Act.
agree with above tax deducted under sec 92b
Income Tax means TDS Deducted from Salary, which can claim by u as refund
Agree with all above... u can claim that income tax in your tax return ( your tax payable for the year will be reduced to that extent )
1. Income Tax deducted at source is not a substitute to advance tax., it`s just the basic duty of the employer to deduct money and remit it on your name to Department....
2. Employer HAS to deduct professional tax and that is allowed as exemption US 16(iii). There are noprovisons regarding this...
Do you get the answer for the above doubt? if you got, give me the answer for that. Because i am too have same doubt now.
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