Post by: IndiaFilings in Income Tax Personal Finance
Salary Income under Income Tax Salary income refers to the compensation received by an employee from a current or former employer for the execution of services in connection with employment. Thus, income is taxable as salary under Section 15 only…
Post by: Daphne in Income Tax Personal Finance
Which Salary Components are Taxable? Salary is one of the taxable heads of income under the Income Tax Act. There are a number of components in an employee's salary. Some of them are fully taxable, some are partly taxable and…
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 Government Initiatives Income Tax
Income Tax on Salary and Filing Salary Returns Salary is one of the most frequently used heads of income at the time of filing an Income Tax return. Heads of Income under the Income Tax Act are avenues of classification…
