Income Tax: Treatment of Income under the head Salaries [As amended by Finance Act, 2018]

Income Tax: Treatment of Income under the head Salaries [As amended by Finance Act, 2018]

Treatment of Income under the head Salaries

1.1 Salary is defined to include:

a) Wages

b) Annuity

c) Pension

d) Gratuity

e) Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages

f) Advance of Salary

g) Leave Encashment

h) Annual accretion to the balance of Recognized Provident Fund

i) Transferred balance in Recognized Provident Fund

j) Contribution by Central Government or any other employer to Employees Pension Account as referred in Sec. 80CCD
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1.2 Points to consider:

a) Salary income is chargeable to tax on “due basis” or “receipt basis” whichever is earlier.

b) Existence of relationship of employer and employee is must between the payer and payee to tax the income under this head.

c) Income from salary taxable during the year shall consists of following:

i. Salary due from employer (including former employer) to taxpayer during the previous year, whether paid or not;

ii. Salary paid by employer (including former employer) to taxpayer during the previous year before it became due;

iii. Arrear of salary paid by the employer (including former employer) to taxpayer during the previous year, if not charged to tax in any earlier year;

Exceptions - Remuneration, bonus or commission received by a partner from the firm is not taxable under the head Salaries rather it would be taxable under the head business or profession.
tax-treatment-of-income-under-head-salary

1.3 Place of accrual of salary:

a) Salary accrues where the services are rendered even if it is paid outside India;

b) Salary paid by the Foreign Government to his employee serving in India is taxable under the head Salaries;

c) Leave salary paid abroad in respect of leave earned in India shall be deemed to accrue or arise in India.

Exceptions - If a Citizen of India render services outside India, and receives salary from Government of India, it would be taxable as salary deemed to have accrued in India.
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1.4 Taxability of various components of salary:

S.No. Section Particulars Taxability/Exemption

1.

17

Basic salary

Fully taxable

2.

17

Dearness Allowance (referred to as ‘DA’)

Fully taxable

3.

17

Bonus, fees or commission

Fully taxable

A.

Allowances

4.

10(13A) read with Rule 2A

House rent allowance

Least of the following is exempt:

a) Actual HRA Received

b) 40% of Salary (50%, if house situated in Mumbai, Calcutta, Delhi or Chennai)

c) Rent paid minus 10% of salary

* Salary = Basic + DA (if part of retirement benefit) + Turnover based Commission

Note :

i. Fully taxable, if HRA is received by an employee who is living in his own house or if he does not pay any rent

ii. It is mandatory for employee to report PAN of the landlord to the employer if rent paid is more than Rs. 1,00,000 [Circular No. 08 /2013 dated 10-10-2013].

5.

10(14)

Children education allowance

Up to Rs. 100 per month per child up to a maximum of 2 children is exempt

6.

10(14)

Hostel expenditure allowance

Up to Rs. 300 per month per child up to a maximum of 2 children is exempt

7.

10(14)

Transport Allowance granted to an employee to meet expenditure for the purpose of commuting between place of residence and place of duty

Rs. 3,200 per month granted to an employee, who is blind or deaf and dumb or orthopedically handicapped with disability of lower extremities

8.

Sec. 10(14)

Allowance granted to an employee working in any transport business to meet his personal expenditure during his duty performed in the course of running of such transport from one place to another place provided employee is not in receipt of daily allowance.

Amount of exemption shall be lower of following:

a) 70% of such allowance; or

b) Rs. 10,000 per month.

9.

10(14)

Conveyance allowance granted to meet the expenditure on conveyance in performance of duties of an office

Exempt to the extent of expenditure incurred for official purposes

10.

10(14)

Travelling allowance to meet the cost of travel on tour or on transfer

Exempt to the extent of expenditure incurred for official purposes

11.

10(14)

Daily allowance to meet the ordinary daily charges incurred by an employee on account of absence from his normal place of duty

Exempt to the extent of expenditure incurred for official purposes

12.

10(14)

Helper/Assistant allowance

Exempt to the extent of expenditure incurred for official purposes

13.

10(14)

Research allowance granted for encouraging the academic research and other professional pursuits

Exempt to the extent of expenditure incurred for official purposes

14.

10(14)

Uniform allowance

Exempt to the extent of expenditure incurred for official purposes

15.

10(7)

Any allowance or perquisite paid or allowed by Government to its employees (an Indian citizen) posted outside India

Fully Exempt

16.

-

Allowances to Judges of High Court/Supreme Court (Subject to certain conditions)

Fully Exempt.

17.

10(45)

Following allowances and perquisites given to serving Chairman/Member of UPSC is exempt from tax:

a) Value of rent free official residence

b) Value of conveyance facilities including transport allowance

c) Sumptuary allowance

d) Leave travel concession

Fully Exempt

18.

-

Allowances paid by the UNO to its employees

Fully Exempt

19.

10(45)

Allowances to Retired Chairman/Members of UPSC (Subject to certain conditions)

Exempt subject to maximum of Rs. 14,000 per month for defraying the services of an orderly and for meeting expenses incurred towards secretarial assistant on contract basis.

20.

Sec. 10(14) read with Rule 2BB

Special compensatory Allowance (Hilly Areas) (Subject to certain conditions and locations)

Amount exempt from tax varies from Rs. 300 to Rs. 7,000 per month.

21.

Sec. 10(14) read with Rule 2BB

Border area, Remote Locality or Disturbed Area or Difficult Area Allowance (Subject to certain conditions and locations)

Amount exempt from tax varies from Rs. 200 to Rs. 1,300 per month.

22.

Sec. 10(14) read with Rule 2BB

Tribal area allowance in (a) Madhya Pradesh (b) Tamil Nadu (c) Uttar Pradesh (d) Karnataka (e) Tripura (f) Assam (g) West Bengal (h) Bihar (i) Orissa

Up to Rs. 200 per month is exempt

23.

Sec. 10(14) read with Rule 2BB

Compensatory Field Area Allowance. If this exemption is taken, employee cannot claim any exemption in respect of border area allowance (Subject to certain conditions and locations)

Up to Rs. 2,600 per month is exempt

24.

Sec. 10(14) read with Rule 2BB

Compensatory Modified Area Allowance. If this exemption is taken, employee cannot claim any exemption in respect of border area allowance (Subject to certain conditions and locations)

Up to Rs. 1,000 per month is exempt

25.

Sec. 10(14) read with Rule 2BB

Counter Insurgency Allowance granted to members of Armed Forces operating in areas away from their permanent locations. If this exemption is taken, employee cannot claim any exemption in respect of border area allowance (Subject to certain conditions and locations)

Up to Rs. 3,900 per month is exempt

26.

Sec. 10(14) read with Rule 2BB

Underground Allowance to employees working in uncongenial, unnatural climate in underground mines

Up to Rs. 800 per month is exempt

27.

Sec. 10(14) read with Rule 2BB

High Altitude Allowance granted to armed forces operating in high altitude areas (Subject to certain conditions and locations)

a) Up to Rs. 1,060 per month (for altitude of 9,000 to 15,000 feet) is exempt

b) Up to Rs. 1,600 per month (for altitude above 15,000 feet) is exempt

28.

Sec. 10(14) read with Rule 2BB

Highly active field area allowance granted to members of armed forces (Subject to certain conditions and locations)

Up to Rs. 4,200 per month is exempt

29.

Sec. 10(14) read with Rule 2BB

Island Duty Allowance granted to members of armed forces in Andaman and Nicobar and Lakshadweep group of Island (Subject to certain conditions and locations)

Up to Rs. 3,250 per month is exempt

30.

10(14)

City Compensatory Allowance

Fully Taxable

31.

10(14)

Fixed Medical Allowance

Fully Taxable

32.

10(14)

Tiffin, Lunch, Dinner or Refreshment Allowance

Fully Taxable

33.

10(14)

Servant Allowance

Fully Taxable

34.

10(14)

Project Allowance

Fully Taxable

35.

10(14)

Overtime Allowance

Fully Taxable

36.

10(14)

Telephone Allowance

Fully Taxable

37.

10(14)

Holiday Allowance

Fully Taxable

38.

10(14)

Any Other Cash Allowance

Fully Taxable

B.

Perquisites

39.

17(2)(i)/(ii)

read with

Rule 3(1)

Rent free unfurnished accommodation provided to Central and State Government employees

License fees determined in accordance with rules framed by Government for allotment of houses shall be deemed to be the taxable value of perquisites.

40.

17(2)(i)/(ii)

read with

Rule 3(1)

Unfurnished rent free accommodation provided to other employees

Taxable value of perquisites

i. If house property is owned by the employer, the taxable value of perquisite shall be:

A. 15% of salary, if population of city where accommodation is provided exceeds 25 lakhs

B. 10% of salary, if population of city where accommodation is provided exceeds 10 lakhs but does not exceed 25 lakhs

C. 7.5% of salary, if accommodation is provided in any other city

ii. If house property is taken on lease or rent by the employer, the taxable value of perquisite shall be:

i. Lease rent paid or payable by the employer or 15% of the salary, whichever is lower

*Salary includes:

a) Basic Pay

b) Dearness Allowance (only to the extent it forms part of retirement benefit salary)

c) Bonus

d) Commission

e) All other allowances (only taxable portion)

f) Any monetary payment which is chargeable to tax

But does not include

i. Value of any perquisite

ii. Employer’s contribution to PF

iii. Benefits received at the time of retirement like gratuity, pension etc.

Note:

1) Rent free accommodation is not chargeable to tax if provided in remote area.

2) Rent free accommodation provided to High Court or Supreme Court Judges, Union Ministers, Leader of Opposition in Parliament, an official in Parliament and Serving Chairman and members of UPSC is tax free perquisite.

3) The value so determined shall be reduced by the amount of rent, if any, recovered from the employee.

4) If employee is transferred and retain property at both the places, the taxable value of perquisites for initial period of 90 days shall be determined with reference to only one accommodation (at the option of the assessee). The other one will be tax free. However after 90 days, taxable value of perquisites shall be charged with reference to both the accommodations.

41.

17(2)(i)/(ii)

read with

Rule 3(1)

Rent free furnished accommodation

Taxable value of perquisites shall be computed in following manner:

a) Taxable value of perquisite assuming accommodation to be provided to the employee is unfurnished

b) Add: 10% of original cost of furniture and fixtures (if these are owned by the employer) or actual higher charges paid or payable (if these are taken on rent by the employer).

c) Less: The value so determined shall be reduced by the amount of rent, if any, recovered from the employee

42.

17(2)(i)/(ii)

read with

Rule 3(1)

Accommodation provided in a hotel

Hotel accommodation will not be chargeable to tax if :

a) It is provided for a total period not exceeding in aggregate 15 days in the financial year; and

b) Such accommodation in hotel is provided on employee’s transfer from one place to another place.

Taxable value of perquisite shall be lower of following:

a) Actual charges paid or payable by the employer to such hotel; or

b) 24% of salary

43.

17(2)(viii)

read with Rule 3(2)

Motor Car / Other Conveyance

Taxable value of perquisites (See Note 1 below)

43A.

17(2)(iv)

Any sum paid by employer in respect of any obligation of an employee

Fully Taxable

44.

17(2)(viii)

read with Rule 3(3)

Services of a domestic servant including sweeper, gardener, watchmen or personal attendant (taxable only in case of specified employee [See Note 4])

Taxable value of perquisite shall be salary paid or payable by the employer for such services less any amount recovered from the employee.

45.

17(2)(viii)

read with Rule 3(4)

Supply of gas, electricity or water for household purposes

Taxable value of perquisites:

➢ Manufacturing cost per unit incurred by the employer., if provided from resources owned by the employer;

➢ Amount paid by the employer, if purchased by the employer from outside agency

Note:

1. Any amount recovered from the employee shall be deducted from the taxable value of perquisite.

2. Taxable in case of specified employees only [ See note 4]

46.

17(2)(viii)

read with Rule 3(5)

Education Facilities

Taxable value of perquisites (See Note 2 below)

47.

17(2)(viii)

read with Rule 3(6)

Transport facilities provided by the employer engaged in carriage of passenger or goods (except Airlines or Railways)

Value at which services are offered by the employer to the public less amount recovered from the employee shall be a taxable perquisite

48.

17(2)(v)

Amount payable by the employer to effect an insurance on life of employee or to effect a contract for an annuity

Fully Taxable

49.

17(2)(vi) read with Rule 3(8)/3(9)

ESOP/ Sweat Equity Shares

Fair Market value of shares or securities on the date of exercise of option by the assessee less amount recovered from the employee in respect of such shares shall be the taxable value of perquisites.

Fair Market Value shall be determined as follows:

a) In case of listed Shares: Average of opening and closing price as on date of exercise of option (Subject to certain conditions and circumstances)

b) In case of unlisted shares/ security other than equity shares: Value determined by a Merchant Banker as on date of exercise of option or an earlier date, not being a date which is more than 180 days earlier than the date of exercise of the option.

50.

17(2)(vii)

Employer’s contribution towards superannuation fund

Taxable in the hands of employee to the extent such contribution exceeds Rs.1,50,000

51.

17(2)(viii) read with Rule 3(7)(i)

Interest free loan or Loan at concessional rate of interest

Interest free loan or loan at concessional rate of interest given by an employer to the employee (or any member of his household) is a perquisite chargeable to tax in the hands of all employees on following basis:

1) Find out the “maximum outstanding monthly balance” (i.e. the aggregate outstanding balance for each loan as on the last day of each month);

2) Find out rate of interest charged by the SBI as on the first day of relevant previous year in respect of loan for the same purpose advanced by it;

3) Calculate interest for each month of the previous year on the outstanding amount (mentioned in Step 1) at the rate of interest given in Step 2

4) From the total interest calculated for the entire previous year (step 3), deduct interest actually recovered, if any, from employee

5) The balance amount (Step 3-Step 4) is taxable value of perquisite

Nothing is taxable if:

a) Loan in aggregate does not exceed Rs. 20,000; or

b) Loan is provided for treatment of specified diseases (Rule 3A) like neurological diseases, Cancer, AIDS, Chronic renal failure, Hemophilia (specified diseases). However, exemption is not applicable to so much of the loan as has been reimbursed to the employee under any medical insurance scheme.

52.

17(2)(viii) read with Rule 3(7)(ii)

Facility of travelling, touring and accommodation availed of by the employee or any member of his household for any holiday

a) Taxable value of perquisite shall be expenditure incurred by the employer less amount recovered from employee.

b) Where such facility is maintained by the employer, and is not available uniformly to all employees, the value of benefit shall be taken to be the value at which such facilities are offered by other agencies to the public.

53.

17(2)(viii) read with Rule 3(7)(iii)

Free food and beverages provided to the employee

1) Fully Taxable: Free meals in excess of Rs. 50 per meal less amount paid by the employee shall be a taxable perquisite

2) Exempt from tax: Following free meals shall be exempt from tax:

a) Food and non-alcoholic beverages provided during working hours in remote area or in an offshore installation;

b) Tea, Coffee or Non-Alcoholic beverages and Snacks during working hours are tax free perquisites;

c) Food in office premises or through non-transferable paid vouchers usable only at eating joints provided by an employer is not taxable, if cost to the employer is Rs. 50(or less) per meal.

54.

17(2)(viii) read with Rule 3(7)(iv)

Gift or Voucher or Coupon on ceremonial occasions or otherwise provided to the employee

a) Gifts in cash or convertible into money (like gift cheque) are fully taxable

b) Gift in kind up to Rs.5,000 in aggregate per annum would be exempt, beyond which it would be taxable.

55.

17(2)(viii) read with Rule 3(7)(v)

Credit Card

a) Expenditure incurred by the employer in respect of credit card used by the employee or any member of his household less amount recovered from the employee is a taxable perquisite

b) Expenses incurred for official purposes shall not be a taxable perquisite provided complete details in respect of such expenditure are maintained by the employer

56.

17(2)(viii) read with Rule 3(7)(vi)

Free Recreation/ Club Facilities

a) Expenditure incurred by the employer towards annual or periodical fee etc. (excluding initial fee to acquire corporate membership) less amount recovered from the employee is a taxable perquisite

b) Expenses incurred on club facilities for the official purposes are exempt from tax.

c) Use of health club, sports and similar facilities provided uniformly to all employees shall be exempt from tax.

57.

17(2)(viii) read with Rule 3(7)(vii)

Use of movable assets of the employer by the employee is a taxable perquisite

Taxable value of perquisites

a) Use of Laptops and Computers: Nil

b) Movable asset other than Laptops, computers and Motor Car*: 10% of original cost of the asset (if asset is owned by the employer) or actual higher charges incurred by the employer (if asset is taken on rent) less amount recovered from employee.

*See Note 1 for computation of perquisite value in case of use of the Motor Car

58.

17(2)(viii) read with Rule 3(7)(viii)

Transfer of movable assets by an employer to its employee

Taxable value of perquisites

a) Computers, Laptop and Electronics items: Actual cost of asset less depreciation at 50% (using reducing balance method) for each completed year of usage by employer less amount recovered from the employee

b) Motor Car: Actual cost of asset less depreciation at 20% (using reducing balance method) for each completed year of usage by employer less amount recovered from the employee

c) Other movable assets: Actual cost of asset less depreciation at 10% (on SLM basis) for each completed year of usage by employer less amount recovered from the employee.

59.

17(2)(viii) read with Rule 3(7)(ix)

Any other benefit or amenity extended by employer to employee

Taxable value of perquisite shall be computed on the basis of cost to the employer (under an arm’s length transaction) less amount recovered from the employee.

However, expenses on telephones including a mobile phone incurred by the employer on behalf of employee shall not be treated as taxable perquisite.

60.

10(10CC)

Tax paid by the employer on perquisites (not provided for by way of monetary payments) given to employee

Fully exempt

61.

10(5)

Leave Travel Concession or Assistance (LTC/LTA), extended by an employer to an employee for going anywhere in India along with his family*

*Family includes spouse, children and dependent brother/sister/parents. However, family doesn’t include more than 2 children of an Individual born on or after 01-10-1998.

(Subject to certain conditions)

The exemption shall be limited to fare for going anywhere in India along with family twice in a block of four years:

• Where journey is performed by Air - Exemption up to Air fare of economy class in the National Carrier by the shortest route

• Where journey is performed by Rail - Exemption up to air-conditioned first class rail fare by the shortest route

• If places of origin of journey and destination are connected by rail but the journey is performed by any other mode of transport - Exemption up to air-conditioned first class rail fare by the shortest route.

• Where the places of origin of journey and destination are not connected by rail:

* Where a recognized public transport system exists - Exemption up to first Class or deluxe class fare by the shortest route

* Where no recognized public transport system exists - Exemption up to air conditioned first class rail fare by shortest route.

Notes :

i. Two journeys in a block of 4 calendar years is exempt

ii. Taxable only in case of Specified Employees [ See note 4]

62.

Proviso to section 17(2)

Medical facilities in India

a) Expense incurred or reimbursed by the employer for the medical treatment of the employee or his family (spouse and children, dependent - parents, brothers and sisters) in any of the following hospital is not chargeable to tax in the hands of the employee:

i. Hospital maintained by the employer.

ii. Hospital maintained by the Government or Local Authority or any other hospital approved by Central Government

iii. Hospital approved by the Chief Commissioner having regard to the prescribed guidelines for treatment of the prescribed diseases.

b) Medical insurance premium paid or reimbursed by the employer is not chargeable to tax.

63.

Proviso to section 17(2)

Medical facilities outside India

Any expenditure incurred or reimbursed by the employer for medical treatment of the employee or his family member outside India is exempt to the extent of following (subject to certain condition):

a. Expenses on medical treatment - exempt to the extent permitted by RBI.

b. Expenses on stay abroad for patient and one attendant - exempt to the extent permitted by RBI.

c. Expenditure incurred on travelling of patient and one attendant- exempt, if Gross Total Income (before including the travel expenditure) of the employee, does not exceed Rs. 2,00,000.

C.

Deduction from salary

1.

16(ia)

Standard Deduction

Rs. 40,000 or the amount of salary, whichever is lower (Any salaried person)

2.

16 (ii)

Entertainment Allowance received by the Government employees (Fully taxable in case of other employees)

Least of the following is exempt from tax:

a) Rs 5,000

b) 1/5th of salary (excluding any allowance, benefits or other perquisite)

c) Actual entertainment allowance received

3.

16(iii)

Employment Tax/Professional Tax.

Amount actually paid during the year. However, if professional tax is paid by the employer on behalf of its employee than it is first included in the salary of the employee as a perquisite and then same amount is allowed as deduction.

D.

Retirement Benefits

Leave Encashment

1.

10(10AA)

Encashment of unutilized earned leave at the time of retirement of Government employees

Fully Exempt

2.

10(10AA)

Encashment of unutilized earned leave at the time of retirement of other employees (not being a Government employee)

Least of the following shall be exempt from tax:

a) Amount actually received

b) Unutilized earned leave* X Average monthly salary

c) 10 months Average Salary**

d) Rs. 3,00,000

* While computing unutilized earned leave, earned leave entitlements cannot exceed 30 days for each completed year of service rendered to the current employer

** Average salary = Average Salary*** of last 10 months immediately preceding the retirement

***Salary = Basic Pay + DA (to the extent it forms part of retirement benefits)+ turnover based commission

Retrenchment Compensation

3.

10(10B)

Retrenchment Compensation received by a workman under the Industrial Dispute Act, 1947 (Subject to certain conditions).

Least of the following shall be exempt from tax:

a) Amount calculated as per section 25F(b)of the Industrial Disputes Act, 1947;

b) Rs. 5,00,000; or

c) Amount actually received

Note:

i. Relief under Section 89(1) is available

ii. 15 days average pay for each completed year of continuous service or any part thereof in excess of 6 months is to be adopted under section 25F(b) of the Industrial Disputes Act,1947

Gratuity

4.

10(10)(i)

Gratuity received by Government Employees (Other than employees of statutory corporations)

Fully Exempt

5.

10(10)(ii)

Death -cum-Retirement Gratuity received by other employees who are covered under Gratuity Act, 1972 (other than Government employee) (Subject to certain conditions).

Least of following amount is exempt from tax:

1. (*15/26) X Last drawn salary** X completed year of service or part thereof in excess of 6 months.

2. Rs. 20,00,000

3. Gratuity actually received.

*7 days in case of employee of seasonal establishment.

** Salary = Last drawn salary including DA but excluding any bonus, commission, HRA, overtime and any other allowance, benefits or perquisite

6.

10(10)(iii)

Death -cum-Retirement Gratuity received by other employees who are not covered under Gratuity Act, 1972 (other than Government employee) (Subject to certain conditions).

Least of following amount is exempt from tax:

1. Half month’s Average Salary* X Completed years of service

2. Rs. 10,00,000

3. Gratuity actually received.

*Average salary = Average Salary of last 10 months immediately preceding the month of retirement

** Salary = Basic Pay + DA (to the extent it forms part of retirement benefits)+ turnover based commission

Pension

7.

-

Pension received from United Nation Organization by the employee of his family members

Fully Exempt

8.

10(10A)(i)

Commuted Pension received by an employee of Central Government, State Government, Local Authority Employees and Statutory Corporation

Fully Exempt

9.

10(10A)(ii)

Commuted Pension received by other employees who also receive gratuity

1/3 of full value of commuted pension will be exempt from tax

10.

10(10A)(iii)

Commuted Pension received by other employees who do not receive any gratuity

1/2 of full value of commuted pension will be exempt from tax

11.

10(19)

Family Pension received by the family members of Armed Forces

Fully Exempt

12.

57(iia)

Family pension received by family members in any other case

33.33% of Family Pension subject to maximum of Rs. 15,000 shall be exempt from tax

Voluntary Retirement

13.

10(10C)

Amount received on Voluntary Retirement or Voluntary Separation (Subject to certain conditions)

Least of the following is exempt from tax:

1) Actual amount received as per the guidelines i.e. least of the following

a) 3 months salary for each completed year of services

b) Salary at the time of retirement X No. of months of services left for retirement; or

2) Rs. 5,00,000

Provident Fund

14.

-

Employee’s Provident Fund

For taxability of contribution made to various employee’s provident fund and interest arising thereon see Note 3.

National Pension System (NPS)

15.

10(12A) /10(12B)

National Pension System

Any payment from the National Pension System Trust to an assessee on closure of his account or on his opting out of the pension scheme referred to in section 80CCD, to the extent it does not exceed 40% of the total amount payable to him at the time of such closure or his opting out of the scheme.

Note: Partial withdrawal from NPS shall be exempt to the extent of 25% of amount of contributions made by the employee.

E.

Arrear of Salary and relief under section 89(1)

1.

15

Arrear of salary and advance salary

Taxable in the year of receipt. However relief under section 89 is available

2.

89

Relief under Section 89

If an individual receives any portion of his salary in arrears or in advance or receives profits in lieu of salary, he can claim relief as per provisions of section 89 read with rule 21A

F.

Other Benefits

1.

-

Lump-sum payment made gratuitously or by way of compensation or otherwise to widow or other legal heirs of an employee who dies while still in active service [Circular No. 573, dated 21-08-1990]

Fully exempt in the hands of widow or other legal heirs of employee

2.

-

Ex-gratia payment to a person (or legal heirs) by Central or State Government, Local Authority or Public Sector Undertaking consequent upon injury to the person or death of family member while on duty [Circular No. 776, dated 08-06-1999]

Fully exempt in the hands of individual or legal heirs

3.

-

Salary received from United Nation Organization [Circular No. 293, dated 10-02-1981]

Fully exempt

4.

10(6)(ii)

Salary received by foreign national as an officials of an embassy, high commission, legation, consulate or trade representation of a foreign state

Fully exempt if corresponding official in that foreign country enjoys a similar exemption

5.

10(6)(vi)

Remuneration received by non-resident foreign citizen as an employee of a foreign enterprise for services rendered in India, if:

a) Foreign enterprise is not engaged in any trade or business in India

b) His stay in India does not exceed in aggregate a period of 90 days in such previous year

c) Such remuneration is not liable to deducted from the income of employer chargeable under this Act

Fully exempt

6.

10(6)(viii)

Salary received by a non-resident foreign national for services rendered in connection with his employment on a foreign ship if his total stay in India does not exceed 90 days in the previous year.

Fully exempt

7.

-

Salary and allowances received by a teacher /professor from SAARC member state (Subject to certain conditions).

Fully exempt

Notes:

1. Motor Car (taxable only in case of specified employees [See note 4] except when car owned by the employee is used by him or members of his household wholly for personal purposes and for which reimbursement is made by the employer)

S. No.

Circumstances

Engine Capacity up to 1600 cc

Engine Capacity above 1600 cc

1

Motor Car is owned or hired by the employer

1.1

Where maintenances and running expenses including remuneration of the chauffeur are met or reimbursed by the employer.

1.1-A

Used wholly and exclusively in the performance of official duties.

Fully exempt subject to maintenance of specified documents

Fully exempt subject to maintenance of specified documents

1.1-B

Used exclusively for the personal purposes of the employee or any member of his household.

Actual amount of expenditure incurred by the employer on the running and maintenance of motor car including remuneration paid by the employer to the chauffeur and increased by the amount representing normal wear and tear of the motor car at 10% per annum of the cost of vehicle less any amount charged from the employee for such use is taxable value of perquisite.

1.1-C

The motor car is used partly in the performance of duties and partly for personal purposes of the employee or any member of his household.

Rs. 1,800 per month (plus Rs. 900 per month, if chauffeur is also provided to run the motor car) shall be taxable value of perquisite

Rs. 2,400 per month (plus Rs. 900 per month, if chauffeur is also provided to run the motor car) shall be taxable value of perquisite

Nothing is deductible in respect of any amount recovered from the employee.

1.2

Where maintenances and running expenses are met by the employee.

1.2-A

Used wholly and exclusively in the performance of official duties.

Not a perquisite, hence, not taxable

Not a perquisite, hence, not taxable

1.2-B

Used exclusively for the personal purposes of the employee or any member of his household

Expenditure incurred by the employer (i.e. hire charges, if car is on rent or normal wear and tear at 10% of actual cost of the car, if car is owned by the employer) plus salary of chauffeur if paid or payable by the employer minus amount recovered from the employee.

1.2-C

The motor car is used partly in the performance of duties and partly for personal purposes of the employee or any member of his household

Rs. 600 per month (plus Rs. 900 per month, if chauffeur is also provided to run the motor car) shall be taxable value of perquisite

Rs. 900 per month (plus Rs. 900 per month, if chauffeur is also provided to run the motor car) shall be taxable value of perquisite

Nothing is deductible in respect of any amount recovered from the employee.

2

Motor Car is owned by the employee

2.1

Where maintenances and running expenses including remuneration of the chauffeur are met or reimbursed by the employer.

2.1-A

The reimbursement is for the use of the vehicle wholly and exclusively for official purposes

Fully exempt subject to maintenance of specified documents

Fully exempt subject to maintenance of specified documents

2.1-B

The reimbursement is for the use of the vehicle exclusively for the personal purposes of the employee or any member of his household (taxable in case of specified employee as well as non-specified employee)

Actual expenditure incurred by the employer minus amount recovered from the employee

2.1-C

The reimbursement is for the use of the vehicle partly for official purposes and partly for personal purposes of the employee or any member of his household.

Actual expenditure incurred by the employer minus Rs. 1800 per month and Rs. 900 per month if chauffer is also provided minusamount recovered from employee shall be taxable value of perquisite.

Actual expenditure incurred by the employer minus Rs. 2400 per month and Rs. 900 per month if chauffer is also provided minusamount recovered from employee shall be taxable value of perquisite.

3

Where the employee owns any other automotive conveyance and actual running and maintenance charges are met or reimbursed by the employer

3.1

Reimbursement for the use of the vehicle wholly and exclusively for official purposes;

Fully exempt subject to maintenance of specified documents

Fully exempt subject to maintenance of specified documents

3.2

Reimbursement for the use of vehicle partly for official purposes and partly for personal purposes of the employee.

Actual expenditure incurred by the employer as reduced by Rs. 900 per month

Not Applicable

2. Educational Facilities

Taxable only in the hands of specified employees [See note 4]

Facility extended to
Value of perquisite
Provided in the school owned by the employer
Provided in any other school

Children

Cost of such education in similar school less Rs. 1,000 per month per child (irrespective of numbers of children) less amount recovered from employee

Amount incurred less amount recovered from employee (an exemption of Rs. 1,000 per month per child is allowed)

Other family member

Cost of such education in similar school less amount recovered from employee

Cost of such education incurred

2.1 Other Educational Facilities
Particulars
Taxable Value of Perquisites

Reimbursement of school fees of children or family member of employees

Fully taxable

Free educational facilities/ training of employees

Fully exempt

3. Employees Provident Fund

Tax treatment in respect of contributions made to and payment from various provident funds are summarized in the table given below:

Particulars

Statutory provident fund

Recognized provident fund

Unrecognized provident fund

Public provident fund

Employers contribution to provident fund

Fully Exempt

Exempt only to the extent of 12% of salary*

Fully Exempt

-

Deduction under section 80C on employees contribution

Available

Available

Not Available

Available

Interest credited to provident fund

Fully Exempt

Exempt only to the extent rate of interest does not exceed 9.5%

Fully Exempt

Fully Exempt

Payment received at the time of retirement or termination of service

Fully Exempt

Fully Exempt (Subject to certain conditions and circumstances)

Fully Taxable (except employee’s contribution)

Fully Exempt

* Salary = Basic Pay + Dearness Allowance (to the extent it forms part of retirement benefits) + turnover based commission

Payment from recognized provident fund shall be exempt in the hands of employees in following circumstances:

a) If employee has rendered continue service with his employer (including previous employer, when PF account is transferred to current employer) for a period of 5 years or more

b) If employee has been terminated because of certain reasons which are beyond his control (ill health, discontinuation of business of employer, etc.)

4. Specified Employee

The following employees are deemed as specified employees:

1) A director-employee

2) An employee who has substantial interest (i.e. beneficial owner of equity shares carrying 20% or more voting power) in the employer-company

3) An employee whose monetary income* under the salary exceeds Rs.50,000

*Monetary Income means Income chargeable under the salary but excluding perquisite value of all non-monetary perquisites

Source: Income Tax Website

COMMENTS

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100 percent da,19,10th Bipartite Settlement,53,6 CPC Order,9,7th CPC Bunching of Stages,15,7th CPC Charter of Demands,98,7th cpc interim report,13,7th CPC Meeting,149,7th CPC Notification,202,7th CPC Projected Pay,198,7th CPC Questionnaire,16,7th CPC Recommendation,604,7th CPC Report,130,7th CPC Terms of Reference,41,8th Pay Commission,1,Aadhar,13,Absorption,43,Ad-hoc Bonus,25,Additional Allowance,4,Additional Pension,7,Administrative Reforms,17,Advance Increment,5,Adventure Sports,9,Age Relaxation,18,AGIF,5,AIIMS,13,Air Travel,67,AIRF memorandum to 7th CPC,4,Airport Employees,7,All India Service,74,Allowances,400,Alteration of Date of Birth,8,Annual Allowance,1,Antarctica Allowance,1,Anubhav,15,APAR,47,Area Welfare Officer,5,Armed Forces Tribunal,19,Army Welfare Fund,8,Artisan Staff,12,Ashok Kumar Mathur,9,Atal Pension Yojna,12,Autonomous Bodies,70,awards,14,Bank,181,Bariatric Surgery,2,Benevolent Fund,3,bhavishya,14,Bhutan Compensatory Allowance,7,Bio-metric Attendance,38,Bonus,131,Bonus Order 2014,9,Bonus Order 2015,13,Bonus Order 2016,7,Bonus Order 2017,10,Breakdown Allowance,1,BRO,16,BSNL,83,BSNL IDA Pensioner,24,BSNLMRS,4,Budget 2014,12,budget 2015,22,Budget 2016,1,Budget 2017,22,Budget 2017-18,6,Budget 2018-19,2,cadre management,21,Cadre Restructuring,186,Cancer Treatment,8,Cantonment Board Employees,3,Cash Handling Allowance,5,cashless treatment,15,Casual Leave,5,CAT jurisdiction,1,CAT Order,63,CBDT Order,29,CBEC,13,CBEC CR,9,CBSE,22,CCS (CCA) Rules,56,CCS (Conduct) Rules,54,CCS (Joining Time) Rules,6,CCS (Leave) Rules,52,CCS (RP) Rules 2008,42,CCS (RP) Rules 2016,80,CEA,39,CEA Form,8,Central Administrative Tribunal,2,Central Government Employee Calendar,28,central government employee news,39,Central Pension Accounting Office,124,Central Secretariat Service,6,Central Universities,29,CG Counsel,1,cgda,125,CGEGIS,23,CGEGIS TABLE,14,CGEWHO,65,CGEWHO Noida,18,Cghs,436,CGHS Agartala,2,CGHS AHMEDABAD,6,CGHS AIZAWl,1,CGHS ALLAHABAD,5,cghs BENGALURU,4,cghs bhopal,6,CGHS BHUBANESWAR,3,CGHS CHANDIGARH,6,cghs CHENNAI,3,CGHS Clarification,76,cghs dehradun,4,Cghs Delhi,69,cghs empanelment,163,Cghs Gangtok,1,CGHS GUWAHATI,5,CGHS HOSPITAL LIST,29,CGHS HYDERABAD,7,Cghs Imphal,1,cghs jabalpur,4,cghs jaipur,7,cghs kanpur,5,Cghs Kohima,1,cghs kolkata,4,cghs lucknow,3,CGHS MEERUT,6,cghs mumbai,5,cghs nagpur,3,cghs patna,4,CGHS plastic cards,12,cghs pune,2,cghs ranchi,3,cghs rates,44,CGHS Refferal System,1,Cghs Shillong,1,cghs trivendrum,4,CGWB,3,Child Care Leave,33,Children Education Allowance,42,CIP(IW),1,Citizen Charter,2,Civil Accounts Organisation,45,Civil Services Examination,17,cleanliness pledge,2,cmss,1,Coal Pilot Allowance,3,Collection of Order,1,Commercial Duty Allowance,3,Commercial Employment after Retirement,10,Commutation of Pension,33,commuted Leave,6,Compassionate Allowance,3,compassionate appointment,65,Compensation,1,Compensatory allowance,4,Compensatory Leave,4,Composition of 7th CPC,9,Compulsory Retirement,15,computer advance,4,computer help,7,Concordance Tables,12,Condiment Allowance,1,Confederation 7th cpc memorandum,4,confirmation,4,Constant Attendant Allowance,15,Construction-Survey Allowance,1,Consumer Price Index,4,Contingent Employee,12,Contract Labour,114,Conveyance Allowance,3,Court Order,93,CPAY,1,CPF Pensioner,25,CPGRAMS,9,CPMA,4,CPMF,101,CPSE,147,cpse ida,53,CS(MA) Rules,68,cscs,10,CSD,40,CSS,37,CSSS,13,cvc,61,Cycle Maintenance Allowance,5,DA from 01-07-2011,3,DA from Apr 2018,3,DA from Jan 2012,5,DA from Jan 2013,16,DA from Jan 2014,22,DA from Jan 2015,16,da from Jan 2016,10,DA from Jan 2017,7,DA from Jan 2018,15,da from Jul 2012,13,DA from Jul 2013,16,da from jul 2014,11,DA from Jul 2015,9,DA from Jul 2016,14,DA from Jul 2017,10,Daily Allowance,17,Daily Officiating Allowance,1,Damage Rate,1,DAPWA,1,Data Entry Operator,5,Database of Employees,2,date of next increment,48,DCMAF,4,DCRG,7,Dearness Allowance,160,Dearness Pay,3,Dearness Relief,88,Debt Recovery Tribunals,2,Defence Civilian Employees,112,Defence personnel,575,Dental Clinics,3,Department Canteen,20,Deputation,61,Desk Allowance,1,dgqa,1,Dictionary,3,Digital Signature Certificates,1,Direct Tax Code,2,Directorate of Estates,78,Disability Pension,67,Disciplinary Authority,25,DIT,9,Divorced Daughter,4,DNI falls Feb-Jun,8,doppw,4,DOPT,42,DoPT Order,413,Double HRA,7,Double Tpt Allowance,2,dpc,23,Draftsmen,4,DRDO,6,Dress Allowances,7,Dress Code,1,Dry Cell Allowance,1,e-awas,6,e-filing,29,E-Governance,14,e-HRMS,1,e-IPO,1,E-office,12,e-payment,24,E-Revision,18,e-samarth,2,Earned Leave,8,ECHS,89,ECI,1,EDLI 1995,4,edp allowance,1,EDP Cadre,8,Education,86,Ekta Diwas,2,Election,23,Eligibility of Teacher,17,email Policy,1,emergency treatment,8,Empanelment under CSMA Rules,21,Employee Pension Scheme,22,Employees Deposit Linked Scheme,1,Engineering Cadre,22,eNPS,7,Entertainment Allowance,1,Entry Pay on Promotion,27,EOL,1,EPFO,128,EPFS 1952,55,ERS,3,ESIC,25,eTDS return,15,EVC,5,ex-gratia,36,Ex-India Leave,5,Ex-Indian Coast Guards,1,EX-SERVICEMAN,633,Excel Tips,5,Exemption from Return Filing,11,Expected DA,74,Extension in Service,3,Extra Ordinary Leave,1,Extra Work Allowance,2,extraordinary pension,26,Facilitation Fee,1,Family Pension,233,Family Planning Allowance,8,FAQ,73,Festival Offer,9,Fin Min Order,137,Finance Act 2013,1,Financial year 2012-13,2,Firefighting Staff,2,Fitment Formula,68,fixed medical allowance,50,Flexible Complementing Scheme,3,Flying Training,2,Foreign Allowance,2,Foreign Visit,11,form 14,1,Form 16,3,Form 16A,2,Form 25,3,Form 26AS,2,Forms,65,Forwarding of Application,2,FR 15(a),2,FR 22,4,FR 26,2,FR 29,1,FR 35,1,FR 46B,1,FR 49,1,FR 56,19,Free Sea Passage,1,Freedom Fighter Pension,20,Fundamental Rules,4,Gallantry Award,5,GAMS,1,Gandhi Jayanti,10,GAR-23,1,GDS,79,General Pool,62,Geological Survey of India,4,GFR,35,Government Holiday Calendar,44,Govt accommodation,117,Govt Tour,48,gpf,52,Grade pay of SO,55,Grameen Bank,2,Grant-in-aid,2,Gratuity,40,Gratuity Limit for Income Tax,3,greetings,4,group A,112,Group D,69,Guest House,17,Hard Area Allowance,12,Hard Station,2,Headquarter Allowance,2,health insurance scheme,17,hearing aid,3,Hierarchy,42,High Court Order,60,Higher Education,35,Hill Area Allowance,2,Hindi Incentive,6,Holiday Homes,39,Holiday Overtime,2,Honorarium,25,Hospitality,1,Hostel Facility in Universities,1,Hota Committee,1,House Rent Allowance,34,Housing Loan,11,HRA,35,IBA,27,Immediate Relief,1,Immovable Property Return,61,Implementation of 7th CPC,1010,incentive for higher qualifications,4,Incentive for NER,4,Incentive to Sportsperson,14,Income Tax Exemption Limit,117,INCOME TAX,287,Income tax calculation,17,Indemnity Bond,1,Independence Day,2,India Water Week,1,INDU,4,Industrial Trades,19,Injury Leave,1,Inquiry Officer,13,insurance scheme,10,Intelligence Agencies,3,Interest of EPF,23,Interest of GPF,17,interest rate,28,Interim Relief,60,Internet facility to officer,1,Internship,3,Invalid Pension,3,Investment,2,IPv6,2,IRCTC,39,IRTSA,27,Island Special Duty Allowance,1,IT Cadre Restructuring,25,IT Return,51,ITR,3,Jawahar Navodaya Vidyalaya,13,JCM,366,Jeevan Pramaan,48,Joining Time,6,Kashmir Valley Special Concession,6,KBC,2,kendriya bhandar,2,Kendriya Vidyalaya Sangathan,176,Kilometreage Allowance,2,Kisan Vikas Patra,4,KV Admission Guidelines,22,KV Uniform,7,KYC,1,Lab Technician,17,Labour Bureau,8,Labour Laws,19,lactating mother allowance,1,laptop-notebook-facility,4,LARGESS,5,Launch Campaign Allowance,1,LDC-UDC,80,LDCE/GDCE,30,Leave Encashment,15,leave management system,2,Legal Fee,2,Librarian,2,LIC,2,Licence Fee,12,Lien,3,Life Certificate,59,List of Holidays for year 2012,2,List of Holidays for year 2013,8,List of Holidays for year 2014,10,List of Holidays for year 2015,17,List of Holidays for year 2016,11,List of Holidays for year 2017,3,List of Holidays for year 2018,3,List of holidays for year 2019,3,List of Posts,14,Liver Transplant Surgery,1,Liveries,1,loan advances,37,Loans and advances by Central Government,3,lodge complaints,2,Lok Sabha QA,42,lokpal,60,LTC,126,ltc to AN,9,LTC to JK,29,ltc to NE,22,LTC-80 Fare,23,MACP,198,Major Penalty,13,Married Accommodation Project,2,Maternity Leave,10,Medical Charges Reimbursement Bill Form,18,medical decategorization,2,Medical Examination of Group A Officers,4,Medical Professional,62,Memorandum to 7th cpc,82,merger of da,127,merger of grade pay,36,merger of post,16,Min HIPE,1,minimum wages,121,Ministerial Staff,34,Minor Penalty,8,Minority Community,1,Missing Family Member,7,Model School Organization,1,modified parity in pension,43,MOHALI HOUSING COLONY,3,Movable Property Return,50,MSP,2,MTNL,11,Multi Tasking Staff,22,NAC,116,national council meeting,14,National Holiday Allowance,5,National Level Monitors,1,National Mascot Design,1,National Pension System,112,NC JCM Memorandum to 7th CPC,31,NCH,1,NDG ESM Pensioner,1,new pension scheme,227,New Pension System,40,News,145,Newspaper Reimbursement,1,NFIR,3,NFSG,19,Night Duty Allowance,24,Nivaran,1,NLM,1,No Demand Certificate,1,Nomination Forms,6,Non-functional Upgradation,19,Notice for Pensioners,38,Notional Fixation,25,NPA,19,NSC,6,NSSF,3,Nursing Allowance,13,Nursing Institutions,6,Nursing Staff,8,nutritious dietary allowance,2,obc,39,office procedure,12,office space,5,Office Timing,48,Official Directory,1,Official Language Cadre,5,Official Secret Act,1,Officiating Pay,3,One Rank One Pension,362,Online Survey,1,Operation Theatre Allowance,1,ordnance factory,92,OROP Order,35,OTA,24,Out-turn Allowance,1,Outsourcing,9,Overpayment,7,PAC Recommendation,1,PAINTING,2,PAN,17,Paramilitary Allowance,3,Parangat,2,Parliament Assistant,1,Passport,19,Paternity Leave,3,Patient Care Allowance,15,pay,9,Pay Anomaly,71,Pay Fixation,232,Payroll,7,PCDA Order,110,PCO Allowance,1,Pension,695,Pension Adalat,21,Pension Disbursement,83,Pension Form,8,Pension Revision,298,Pensioner Grievances,68,Pensioner I-Card,12,Pensioner Portal,147,Pensioners associations,133,pensioners retired prior to 1.1.2006,161,Penury Grant,2,Permanently disabled children,21,person with disability,83,Personal Pay,5,Personal Staff to Minister,5,PF Scheme,3,PFRDA Bill 2011,25,pgportal,2,pharmacist,3,Physical Training Instructor,1,PIB,4,Piece work calculation,3,Piece work incentive,6,Piece Work Profit,2,Piece Work Rates,3,Piece Work System,3,Pilot Cadre,1,PLB,40,Pledge,7,PLR Scheme,1,Post Graduate Allowance,3,post office,195,PPF,16,PPF Scheme,10,PPO,68,Pragati,5,Pre-1996,6,Pre-2006,55,Pre-2016 Pensioners,103,pre-retirement counselling,19,Presenting Officer,1,Principal CAT,2,PRIS,21,probation,10,Professional Update Allowance,1,Project Allowance,1,Project Dantak Bhutan,3,Promotions,165,Provisional Pension,9,public grievances,7,Public Provident Fund,9,punctuality,1,Qualification Pay,4,qualifying service,40,Railway Concession Form,3,Railway Servants (Pass) Rules,19,Railways,921,Railways Training Centre,7,Rajbhasha,37,Rajya Sabha QA,38,Rank Pay,23,Ration Money Allowance,8,RBI Circular,17,Re-employed ex-serviceman,58,Receipt Payment Rules,15,Recovery,14,Recruitment,185,Recruitment rules,176,Refreshment Rates,1,RELHS,13,Rent Free Accommodation Allowance,1,Reply to 7th CPC,12,requisition to SSC,3,Research Pay Matrix,1,reservation,143,Reservist Pension,1,residency period,4,Resignation,8,Rest Allowance,1,Restricted Leave,1,Retired Employee,50,Retired officers as Consultant,27,Retirement Adviser,1,retirement age,85,Retirement Road Map,66,review of records,2,revised pay rules,71,Right to Information Act 2012,4,Right to Information Act 2017,2,Right to Public Service Act,1,Risk Allowance,23,roster,2,Rotational Transfer Policy,14,Rounding Off,2,RTI,69,RTI Call Centre,4,rti online certificate course,2,Rule 10,1,Rule 16(3),1,running staff,35,Safai Karamcharies,1,Sainik School,2,Salary Disbursement,28,Sankalp,27,Sanskriti Schools,3,SAS Examination,7,Saving Bank Allowance,2,sc,28,scholarship Scheme,4,Schools,8,Scientific and Technical Posts,15,Scouts-Guides,4,SCOVA,67,Secretarial Assistance,1,Security Allowance,1,Self attestation,7,Self-certification,7,Senior Citizens,23,Seniority,17,Sensitive Posts,3,Service Book,15,Service Verification,6,Seventh Pay Commission,1870,Seventh Pay Commission Report,315,Sexual Harassment,26,Shramev Jayate,1,shunting duty allowance,2,Siachen Allowance,1,Sitting Fee Allowance,2,small saving scheme,52,social Media,18,Space Technology Allowance,1,Sparrow,6,Special Allowance,13,Special allowance for Child Care,2,Special Allowance for Safety Officer,1,Special Casual Leave,8,Special Disturbance Allowance,1,Special Duty Allowance,6,Special LC Gate Allowance,1,Special Pension,1,Special Train Controller Allowance,3,Split Duty Allowance,1,sports-person,38,SSC,12,st,24,Staff Benefit Fund,6,Staff Car Driver,6,Staff Selection Commission,1,Stagnation,6,State Govt Employees,2,Station Leave Permission,4,Stenographer,1,Stents,2,Stepping up of Pay,38,Stiching Charges,4,Stipend,11,Storekeeping Staff,4,Strike,232,Study Allowance,2,Study Leave,10,Substitute Employee,1,summer vacation,3,Sumptuary Allowance,5,Superannuation,7,Superannuation Charges,1,surplus employee,3,suspension,13,Swantah Sukhaya,2,Swavalamban,36,TA Rules,5,Tatkal Tickets,29,tax,2,Tax Free Bonds,1,TDS,37,TDS Rates,11,technical resignation,6,telephone facility,2,temporary employee,6,Tenure Allowance,4,Terms and condition,1,Territorial Army Allowance,1,Toll Free Number,1,Tough Location Allowance,5,Touring Officer Hostel,15,Trade Apprentices,12,train,125,Training Allowance,8,training policy,41,Transfer Policy,79,Transport Allowance,31,Travelling Allowance,67,tribal area allowance,4,Trip Allowance,2,Uniform Allowance,8,Unit Run Canteen,26,Upgradation of Post,53,UPSC,20,vacancies,29,Veteran Commission,2,Veterinary Posts,2,Vigilance Clearance,13,Voluntary Retirement,25,Wages,17,Washing Allowance,12,whistle-blowers,7,Widowed Daughter,4,winter vacation,1,Women Employees,51,Yoga,7,Youth Hostel,3,Zila Saink Board,6,वेतन आयोग,185,
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Central Government Employee News and Tools: Income Tax: Treatment of Income under the head Salaries [As amended by Finance Act, 2018]
Income Tax: Treatment of Income under the head Salaries [As amended by Finance Act, 2018]
Income Tax: Treatment of Income under the head Salaries [As amended by Finance Act, 2018] Treatment of Income from Different Sources I. Income under the head Salaries 1.1 Salary is defined to include: a) Wages b) Annuity c) Pension d) Gratuity
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