Income Tax Problems
Income tax
Savings Plan Savings for the future. C C hoosing the Right Investment High value savings and investment plan Provides rapid accumulation of fund value.
Salary and Interest on Securities
Deductions Basic Rule The aggregate amount of deductions under sections 80C to 80U cannot exceed the Gross Total Income.
U/s 17(1) 'Salary' includes the value of any perquisite allowed or amenity provided by employer to employee.. Perquisite simply means any casual emolument.
Deductions
SALARY - Meaning Salary includes – 1) Wages 2) Pension 3) Any gratuity 4) Any fees, commission, perquisite or profits in lieu of or in addition to any.
girish tax main.docx
OVERVIEW OF INCOME-TAX ACT, 1961 For Sinhagad Institute MBA Students.
Tax Presentation
