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Income Tax Treatment of Employee Benefits by remruata rascalralte is a document available to read on EtoBox.

What is Income Tax Treatment of Employee Benefits about?

1) Basic salary, dearness allowance, fees, commission, and bonus are fully taxable. Contractual bonus is taxed as bonus while voluntary bonus is taxed as a perquisite. 2) Gratuity received during service is fully taxable, while gratuity received upon termination is exempt up to ₹10 lakhs or last drawn salary for 15 days per year of service, whichever is lower. Government employees are fully exempt. 3) Leave salary received during service is fully taxable, while upon termination it is exempt up to ₹300,0

Author

remruata rascalralte

Language

EN