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Income Tax

Heads of Income »Salaries »

What is meant by the expression, “salary” and what does it imply?
Explain the basis of charge as per section 15.
How does the place of accrual of salary income determine its chargeability to tax?
Explain the tax treatment of different forms of salary income.
What is meant by LEAVE SALARY?
State how the leave salary at the time of retirement to other employees (non-government employees) is determined?
What is gratuity and explain its tax treatment?
Explain how the retrenchment compensation u/s 10(10B) is determined.
Mention the various allowances, given to an employee in addition to salary. What is the tax treatment applicable to and also give the tax treatment to the different allowances?
Explain Perquisites
What is inclusive as perquisites?
Mention A) various perquisites which are taxable; B) various perquisites exempt from tax; C) perquisites taxable only in the hands of specified employees
What are the various deductions from salary income?
Mention the categories of foreign citizen employees who are paid salary?
What is meant by Employees Provident Fund?
Please give the details of tax rebate u/s 88
Relief under section 89
Mention a few hints to be borne in mind while tax planning under the head of “salaries.”
Is salary, payable for the leave period to non-residents, taxable even if the leave is spent outside India?
Who is specified as an employee and what perquisites are taxable in his hands?
If the employer gives option to its employee to buy its shares, is it a taxable perquisite?
What is the perquisite with regard to the use of an asset, owned by the employer, by an employee?
To qualify for exemption leave travel allowance), is it necessary to perform the actual journey?
Has the exemption of the amount, received under V.R.S (Voluntary Retirement Scheme), now been extended to central and state government employees?
What are the guidelines for exemption from tax of compensation received under voluntary retirement scheme?
Is there any relief against higher tax rates when salary is paid in arrears or in advance?
Is it necessary that deductions and rebates claimed should have been made out of income, chargeable to tax?
If the salary is being paid in foreign currency, what would be its taxable value for the purpose of TDS?
If the employer does not issue a TDS certificate, is there a remedy?
Is the liability of the employer to deduct and pay tax, u/s 192(1), absolute and what if he fails to do so?

Income Tax

Introduction to Income Tax

Circulars

Rates of Tax

Forms

Rebates From Income-Tax

Notification

Heads of Income

Deductions

Search,Seizure
& Block Assessment

List of TIN-PAN
Centers

Download challans
with PAN/TAN

PAN FAQs

Value Added Tax

TDS

Tax Deduction at Source

Corporate Law

DIN 1(Application Form)
DIN 2 Form
DIN 3 Form
DIN 4 Form
DSC Form

Income Tax

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Gupta Rustagi & Co, Office No.16, 1st Floor, Khatau Building, 8/10, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 023, Maharashtra, India.
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