Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Income tax benefit when hiring an assistant?

501 views

Save Share

Join Us Follow Us Add as Source

Ravi Malhotra

None

27 Points Posted on 14 June 2014

Dear members,

I am a professor in one of the management institutes. I had hired a research assistant for about 6 months with a salary of Rs 15000 pm for a research work. Is it possible to claim tax benefit on this amount while filing my individual tax return?

If yes how? Please help.

Thanks,

Ravi

Replies (1)

Mihir

Wealth Manager

5358 Points Posted on 15 June 2014

It depends on your employement. If you are a salaried emplyee at the institute, then you may not be able to claim deduction. But if you are receiving professional fees or consultancy fees etc, then you may claim this expenses as deduction in your ITR. You may check under what section your TDS is getting deducted.