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Tax on honorarium

Muralidhar (Employee) (28 Points)

04 August 2015

I received honorarium (rs 1.2 Lakhs) during FY 2014-15 for my classes in a college. The college has not deducted TDS on this. Where I have to show in ITR ? please let me know whether i need to pay tax on this income..

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9 Replies

CA. Roopali Kadam (Jobs on assignment basis.) (1453 Points)
Replied 08 August 2015

Yes you have to pay tax on this income

Rashi Bajaj (CA) (752 Points)
Replied 19 August 2015

Honorarium income can be shown under the head "other sources" and offered to tax where your total income income including it is greater than the non taxable limit.

Harshad Kanekar (Taxation and Accounts Executive) (314 Points)
Replied 26 April 2016

Is it fully taxable or is there any exemption or deduction limit?

CA. Roopali Kadam (Jobs on assignment basis.) (1453 Points)
Replied 26 April 2016

Fully taxable

1 Like

Harshad Kanekar (Taxation and Accounts Executive) (314 Points)
Replied 29 April 2016

Thanks A Lot Roopali Ma'am

DEEPJYOT MAHESH RAUT (.) (30 Points)
Replied 14 July 2016

If I get monthly honorarium from trust, under which head it is taxable?

TDS is not deducted by the trust.

Dinesh Mertiya (PROFESSIONAL) (761 Points)
Replied 14 July 2016

If your income (honorarium) is taxable , then pay tax and submit your Income tax return before due date
It is income from other sources

DEEPJYOT MAHESH RAUT (.) (30 Points)
Replied 28 July 2016

Thank you!!

Wether I can claim expenses against this income?

sieaus (BBB) (121 Points)
Replied 07 March 2020

Can income from part time home tuition to school kids & providing homeopathic medicine suggestion (not a fixed fee but whatever is given as token or even free) in a very irregular manner be shown as income from other sources, it being hardly a lakh in a year, besides interest from s/b & fd a/c, total being lease than 2.5, in itr-1. If yes, what descriptttion of other sources to be given. There is no other income in this case.