employees

 SPECIFIED EMPLOYEE

1   WHO IS DIRECTOR EMPLOYED BY THE COMPANY

2 EMPLOYED BY THE COMPANY HAVE SUBSTANTIAL INTEREST IN THE COMPANY

3 EMPLOYED BY THE COMPANY WHOSE SALARY IS MORE THAN 50000 P.A 

Employee can be categorized in 2 category

1.) Specified employee-

a) who is a director of a company

b)who has a substantial interest

c)who has a monetory income exceeding Rs. 50,000.

2.) Non specified employee-

An employee who is not fall above category is considered to be non specified employee.

Agree with Vishal and Varun.