Check sibling questions

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

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.