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Taxation of Salary Under Income Tax Act 1961

Category Archives: Salary

Taxation on salary income is done under section 15 to 21 of the Income Tax Act. There are clear provision related to perquisites , tax free allowance , relief on arrears salary , and how the retirement benefits are taxed.

pensions
What Are The Types Of Pension Exempt From Tax?

It is well known that pensions are taxable as salary and whereas a family pension [...]

27
Mar
TDS on EPF
5 Reasons for No TDS on EPF or PF Withdrawal

The provident fund accumulation is exempt from tax , but those who have not completed [...]

05
Jun