Hi all,
I have doubt regarding overtime allowance taxability.
Wether it includes in the defination of salary.
If yes, where it comes in salary.
please help me in this regard.
~Mukund
Menu
Overtime allowance treatment
Replies (2)
it will be included in salary & fully taxable sec10(14)
Good Day!!
Is it allowance i.e. a fixed amount or amount based on your salary ... or a perquisite. On what basis is it paid? Wht ever be the basis it will be 100% taxable with no exemption or deduction...
Is it allowance i.e. a fixed amount or amount based on your salary ... or a perquisite. On what basis is it paid? Wht ever be the basis it will be 100% taxable with no exemption or deduction...
Recent Topic
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
Related Topics
CAclubindia
