Post by: Daphne in Income Tax Personal Finance
Salary Components Salary is an agreed payment received by an employee from the employer at regular intervals in exchange for work. Under the Income Tax Act, Salary is the first head of income. It is important to understand the different…
Post by: IndiaFilings in Compliance Income Tax
Profits in Lieu of Salary - Income Tax Profits in lieu of salary are payments received by an employee in addition to the regular salary. The profits in lieu of salary can include both monetary and other forms of compensation.…
