Computation of taxable Income from Salary – Income Tax

Computation of taxable Income from Salary Computation of taxable income are categories under various heads:-  As per section 14, all income has been classified under the following 5 heads 1.     Income from Salary (Section) [5 to 17] 2.      Income from house property[section 22 to 27] 3.      Profits and gains of business and profession [section … Read more

Salary Head Income Tax. Income from salary problems and solutions 2020 21 pdf : Income TaxPe

Salary Head Income Tax Compute Income under the head Salary of Gopal for the assessment year 2020-21 from the following particulars:   1. Basic Salary 12,000 p.m.   2. DA 2,000 p.m. (which enters the retirement benefits as per the terms of employment)   3. Bonus 4,000 p.a.   4. Rent free accommodation in Delhi. … Read more