Home »
» What are all the Income under the head Salaries in the case of an Salaried Employee (Section 17 of the Income Tax Act 1961) ?
- Wages, fees, commissions, perquisites, profits in lieu of, or, in addition to salary, advance of salary, annuity or pension, gratuity, payments in respect of encashment of leave etc.
- Contributions made by the employer to the account of the employee in a recognized provident fund in excess of 12% of the salary of the employee, and interest thereof.
- The contribution made by the Central Government or any other employer to the account of the employee under the New Pension Scheme
- What are all perquisites that subjected to income tax?
- The value of rent free accommodation or rent.
- The amount of any contribution to an approved superannuation fund by the employer in respect of the assessee, to the extent it exceeds one lakh and fifty thousand rupees
- Perquisite on Motor car provided by the Employer
- The value of free service provided by the employer in the form of Personal Attendants etc.
- Gas, Electricity and water for household consumption
- Free or concessional Education
- Interest free concessional loans
- Travelling and accomodation Expenses paid by Employer for any holiday availed by employee
- Membership fee, Club expenditure etc
- Any Gifts or transfer of Assets
- Medical reimbursement by the employer subject to certain conditions
0 comments:
Post a Comment