Month: November 2023

Section 10(10AA) of the Income Tax Act, 1961 provides for exemption from income tax on

The maximum amount not chargeable to tax as specified by the government under income tax

Leave salary, also known as income tax leave encashment, is the amount of money that

The term “salary” under income tax is a comprehensive term that includes both monetary and

Section 15 of the Income Tax Act, 1961 (ITA) deals with the basis of charge

MEANING OF SALARY [ sec.17(1)] The meaning of salary under section income tax 17(1) of

Section 36(1)(VA) of the Income Tax Act, 1961 allows a deduction to an employer for

Section 36(1) of the Income Tax Act, 1961 allows a deduction for contribution made by

The employer’s contribution to the income tax National Pension System (NPS) is eligible for a

Section 36(1)(iv) of the Income Tax Act, 1961 allows an employer to claim a deduction