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Salary Deductions

Excellent commerce point > Salary Deductions
Income Under Head Salaries ​
09
Oct

Income Under Head Salaries Question 1.What are the conditions to be fulfilled by an employee to get his accommodation in a hotel that will not be a taxable perquisite? (June 2013, 2 marks)Answer:Accommodation provided in a hotel will not be a taxable perquisite if the following two conditions are fulfilled. The period of such accommodation […]

Posted in: CMA updates ,
Tags: income tax calculations , income tax exemptions , income under head salaries explanation , Income under salaries , salary components , Salary Deductions , salary income breakdown , salary income tax , salary taxation , tax implications of salaries ,
Income from Salaries – CA Inter Taxation ​
31
May

Income from Salaries – CA Inter Taxation Question 1.Mr. M is an area manager of M/s N Steels Company Limited. During the financial year 2020-21, he gets following emoluments from his employer:Basic SalaryUp to 31.08.2020 ₹ 20,000 pmFrom 01.09.2020 ₹ 25,000 pmTransport Allowance ₹ 2,000 pmContribution to recognized provident fund ₹ 15% of Basic Salary […]

Posted in: ca intermediate notes ,
Tags: CA Inter Exam Prep , CA Inter Salary Chapter , CA Inter Tax Questions , CA Inter Taxation , Income from Salaries , Income Tax CA Intermediate. , Salary Deductions , Salary Income MCQs , Salary Taxation CA Inter , Taxable Salary Income ,