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Employee

Adithya (udupi) (49 Points)

27 February 2019

Can company be the employee under income tax?

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Lisha Bansal (CA Finalist) (2595 Points)
Replied 27 February 2019

As per Income tax act, employee means any person (other than an apprentice) employed on a salary or wage not exceeding [twenty-one thousand rupees] per mensem in any industry to do any skilled or unskilled, manual, supervisory, managerial, administrative, technical or clerical work for hire or reward. So, a company cannot be an employee.

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