who is specific employee as per income tax act
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employees
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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.
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