Tax should be paid on Gross or Net Income????

Last updated: 08 August 2007

Salaried people now pay income-tax on their gross income while businessmen, self-employed persons and others pay tax on their net income, even as the income-tax exemption limit is the same for everyone. This gross injustice needs to be removed. As per Income-Tax Act of 1961, income-tax is levied on net and not gross income. Salaried people were allowed to deduct expenses incidental to their employment viz conveyance, books and periodicals, newspapers, etc, from their gross salary since India
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience.



CA Nikita

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. Tax Audit Deadline 2026: Professional Bodies Seek Extension to 31st October
  2. GSTN Announces emSigner 3.3 for New DSC USB Tokens Issued From 21st September 2026
  3. UPI 0.4% MDR Above Rs 2000: Grocery Shop Sign Sparks Fresh Debate
  4. India's STT Collections Rise 52.9% to Rs 40,214 Crore by 17th Sept 2026
  5. India to Monitor UPI MDR Charges to Protect Consumers from Extra Costs
  6. Central GST Superintendent Arrested in Bengaluru Over Alleged Rs 8 Lakh Bribe
  7. CBDT Revises Form 169 and Form 171 Under Income Tax Rules 2026
  8. Supreme Court PIL Challenges New UPI Merchant Charges Above Rs 2000
  9. MTPA Seeks Tax Audit Deadline Extension: TAR by 31st Oct, ITR by 30th Nov 2026
  10. AIMTPA Seeks Tax Audit & ITR Due Date Extension for AY 2026-27

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member CA Narender YarragorlaCA Narender YarragorlaPro Member Panpaliya Taori Panpaliya Taori Pro Member Raj GuptaRaj GuptaPro Member G.NagaseshareddyG.NagaseshareddyPro Member Badhri NarayananBadhri Narayanan
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details