Advance Salary and Arrears of Salary
· Chapter
Income from Salary
29 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Allowances – Classification & Exemption Limits
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3
Basic Salary Calculation from Pay Scale
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4
Basic Salary, Bonus & Commission
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5
Charging Section & Basis of Charge
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6
Compensation – VRS [Sec 10(10C)] & Retrenchment [Sec 10(10B)]
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7
Computation Format of Taxable Salary
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8
Deductions under Section 16
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9
Default / New Tax Regime — Section 115BAC
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10
Gratuity – Taxability and Exemption [Section 10(10)]
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11
Leave Salary / Leave Encashment [Section 10(10AA)]
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12
Meaning of 'Salary' for Different Calculations
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13
Other Perquisites (Telephone, Servant, Utilities)
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14
Pension – Uncommuted & Commuted [Section 10(10A)]
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15
Perquisite – Education Facility
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16
Perquisite – Food / Lunch / Refreshments
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17
Perquisite – Leave Travel Concession (LTC) [Section 10(5)]
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18
Perquisite – Medical Facilities (India & Outside India)
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19
Perquisite: ESOP / Sweat Equity Shares
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20
Perquisite: Excess Employer Contribution to RPF/NPS/Superannuation
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21
Perquisite: Gift from Employer
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22
Perquisite: Interest-Free / Concessional Loan
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23
Perquisite: Motor Car Facility
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24
Perquisite: Rent-Free Accommodation (RFA)
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25
Perquisite: Transfer of Movable Assets to Employee
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26
Perquisite: Use of Movable Assets (Personal Use)
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27
Perquisites – Overview & Distinction from Allowances
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28
Provident Fund – Taxability During Service & At Retirement
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29
Tax Relief on Arrears of Salary — Section 89
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