INCOME TAX Problems on TOTAL INCOME  1. Compute total income of X from the particulars given below: Basic pay: Rs. 12,000 pm; education allowance for one child: Rs. 300…

Slide 1 Deductions Basic Rule The aggregate amount of deductions under sections 80C to 80U cannot exceed the Gross Total Income Slide 2 SECTION 80C DEDUCTION Persons Covered…

Slide 1 OVERVIEW OF INCOME-TAX ACT, 1961 For Sinhagad Institute MBA Students Slide 2 TAXATION IN INDIA Slide 3 Determinants of taxation of an individual in India Source of…

Welcome to this presentation class A presentation on Income from Salary Problem and solution Welcome to this presentation class A presentation on Income from Salary Presented…

Slide 1 Slide 2 U/s 17(1) 'Salary' includes the value of any perquisite allowed or amenity provided by employer to employee.. Perquisite simply means any casual…

Deductions Basic Rule The aggregate amount of deductions under sections 80C to 80U cannot exceed the Gross Total Income Contribution to Pension Fund u/s 80CCC The following…

INCOME FROM SALARY SALARY - Meaning Salary includes â Wages Any annuity or pension Any gratuity Ant fees, commission, perquisite or profits in lieu of or in addition to…

1. INTRODUCTION Income under the head salaries covers all possible remuneration due/paid to a person in respect of services rendered by him in an express or implied contract…

Salary income: Sec. 21 Sections 21, 50, 172, 108, 18(1) Subsections of sec. 2: (5A), (6), (24), (27), (28), (45), (48), (50), (51), (52), (58) Rules 21-24, 33, 33A-33J, 43-58,…