WebApr 19, 2024 · Certain allowances are exempted under Section 10(14) of the Income Tax Act, 1961. Section 10(14) says that: Any special allowance/benefit, not a perquisite, as per the meaning specified in clause (2) of Section 17, is granted for the employees to meet certain expenses wholly. WebMay 21, 2024 · (iii) सेक्शन 17(3) के अनुसार सैलरी के बदले प्रॉफिट ITR-1 में आवश्यक जानकारी के बारे में फॉर्म-16 के पार्ट-बी से पता लगाया जा सकता है.
Old or New Tax Regime? 10 tips to choose which tax regime suits …
WebMar 20, 2024 · 1. Overview of Section 17 (2) Section 17 (2) of the Income Tax Act, 1961, states that any perquisite provided by an employer to an employee shall be considered as a taxable income of the employee, and thus subject to tax under the head of “Income from Salaries”. The value of such perquisites shall be determined as per the rules and ... WebApr 10, 2024 · In addition, the maximum rate of surcharge is 25 per cent in the new tax regime, whereas the maximum surcharge rate under the old regime was 37 per cent. The new regime seems to be more beneficial ... prince harry newsweek article
SALARY INCOME - Direct Taxes
WebINCOME TAX (AMENDMENT) (NO. 2) ACT, 2016 (ACT 924)4 INCOME TAX (AMENDMENT) ACT, 2024 (ACT 941)5 INCOME TAX (AMENDMENT) (NO. 2) ACT, 2024 (ACT 956)6 … WebMar 18, 2024 · 3. Perquisites. “Perquisite” may be defined as any casual emolument or benefit attached to an office or position in addition to salary or wages. “Perquisite” is … WebThe amended provision of section 15 is effective for financial year 2024-23 relevant to the assessment year 2024-24. In this article, you will learn detail of the provisions of section … prince harry new zealand