Perquisites are fringe benefits under income tax provided by employers to their employees, apart from
HOW TO DEDUCT TAX WHEN A PERSON IS EMPLOYED BY A MORE THAN A ONE EMPLOYER
Employee Name: John Doe Home State: Karnataka Employer 1: Company A (Salary Rs. 1,00,000 per month) Employer 2: Company B
TAX ON PERQUISITE PAID BY EMPLOYER
Perquisites are fringe benefits under income tax provided by employers to their employees, apart from
COMPUTATION OF SALARY AND TAX THEREON
Gross Salary: This includes all the income tax you receive from your employer, including: Basic
DEDUCTION OF TAX FROM SALARIES [SEC.192]
Section 192 of the Income Tax Act deals with the deduction of tax at source
CONSEQUENCES OF DEFAULT
Financial: Penalties: The Income Tax Act imposes penalties for various defaults, including late filing of returns, underpayment of
WHEN RECIPIENT IS LOCATED IN A NOTIFIED JURISDICTIONAL AREA
Section 94A (5) of the Income Tax Act deals with additional information and documents required
WHEN RECEPIENT IS NON-FILER OF INCOME TAX RETURN [SEC.206AB]
Section 206AB of the Income Tax Act deals with the deduction of tax at source
WHEN RECIPIENT NOT FURNISH HIS /ITS PAN [SEC.206AA]
Section 206AA of the Income Tax Act deals with higher deduction of tax at source