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Income tax for Research Associates

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hari krishan

9 Points Posted on 18 July 2021

I am P. hd and working as a Research Associate in a Govt Hospital on a ICMR funded project . I am getting consolidated amount of 58280/-( 47000+ 11280 as HRA). I am not getting form 16A from the employer. Do I need to pay tax as there is no TDS. Checked internet but coudnt found any clear guideline or circular. Pls help.

Appending some circular for reference.

Attached File : 3142646 20210717223617 exemption of incometax circular.pdf downloaded: 54 times

Replies (2)

Quick Summary

This discussion addresses income tax for Research Associates working on funded projects. The user receives a consolidated amount including HRA and is unsure about tax liability as no TDS is deducted. The consensus suggests that with a consolidated income below the taxable threshold after standard deductions, no income tax payment is typically required, provided there's no other income.

Balamurali Unnithan MS

STUDENT

1631 Points Posted on 18 July 2021

Ji, You are getting salary income /professional fees?

Comes under salary income -You get a standard deduction of Rs.50000 u/s 16.

So you are income below the taxable limit of Rs 500000, So no need to deduct or pay tax if you don't have any other income, Ji.