web analytics

Sometimes,employee says that he wants tax free salary of Rs 300000.

Employer pays tax on it of Rs 4000

Income from Salaries in this case will be

Tax free Saalry+Tax paid by employee

=300000+4000

=304000

Hence In case,employee is paid tax free salary,then tax paid on it will be deemed to be Income from Salaries

 

  1. Income Tax
  2. Income from Salaries
Ask Download

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 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail