TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Taxable Salary: Employer-Employee Relationship Crucial, Includes Arrears, Advances, Allowances, and Contributions</h1> Income under the 'Salaries' head for tax purposes requires an employer-employee relationship. Chargeable salary includes any salary due or paid within the previous year (PY), arrears not previously taxed, and advance salary. Salary components include wages, gratuity, annuity, pension, leave encashment, and various allowances and bonuses. Employer contributions exceeding specified limits to provident and pension funds are also taxable. Deductions from gross salary include a standard deduction, entertainment allowance, and professional tax. Salary of partners in a firm is not considered under 'Salaries' but as business income.
TaxTMI 
TaxTMI 
