Slide9.JPG

Slide10.JPG
Slide11.JPG Slide12.JPG

  1. Courses
  2. Free Income Tax Certification Course

Transcript

Max Salary or Remuneration Allowed in Case of Partnership Non Working Partners Not Allowed Working Partners Profit Salary Upto 300000 90% of Profit (Min 150000) More than 300000 60% of Profit Exceeding 300000 +2700000 Profit Maximum Salary Upto 300000 90% of Profit (Min 150000) More than 300000 60% of Profit Exceeding 300000 +2700000 Book Profit Maximum Salary 200000 200000 × 90% = 180000 150000 Higher is 180000 300000 300000 × 90% = 270000 Higher is 270000 Profit Maximum Salary Upto 300000 90% of Profit (Min 150000) More than 300000 60% of Profit Exceeding 300000 +2700000 Book Profit Maximum Salary 100000 100000 × 90% −60000 −60000 × 90% 150000 150000 Higher is 150000 Profit Maximum Salary Upto 300000 90% of Profit (Min 150000) 60% of Profit Exceeding 300000 +2700000 Maximum Salary 400000 300000 × 90% = 270000 Higher is 270000 150000 = 150000 100000 × 60% = 60000 1000000 300000 × 90% 700000 × 60% = 270000 = 150000 = 420000 Higher is 270000 +420000 690000

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.