Income Tax Management Dr. Aravind Banakar –

Slides:

Advertisements

Similar presentations

EFFECTIVE DATE : APPLICABLE TO : Employees of all establishments contributing to Employees’ Provident Fund EMPLOYEES DEPOSIT LINKED INSURANCE.

Advertisements

Mr. Kasem work as manager for a company with monthly salary 7500 NIS and have bonus addition career 1500 and bonus addition high cost of living 400 and.

U/s 17(1) 'Salary' includes the value of any perquisite allowed or amenity provided by employer to employee.. Perquisite simply means any casual emolument.

ABP FY Income Tax related Financial Information Payroll and Trust Management.

FIVE HEADS OF INCOME INCOME UNDER HEAD SALARIES

INCOME FROM SALARY Presentation by: DR. N.K.GUPTA.

November 2008 Fringe Benefit Tax. November 2008slide 2 Introduction What is FBT?

SALARY. Salary Salary, as commonly understood, means a fixed payment made periodically as compensation for regular services rendered. It covers wages.

Lecture 26 Computation of Salary Income. Salary and Its Computation Exercise 1 Compute taxable income and tax thereon from following information/ data.

SALARY INCOME. What is salary?  Payer & Payee  More than one source  Foregoing salary is salary income  Tax free salary should include the tax paid.

Lecture 29 Consolidated Exercise & Gratuity. Computation of tax of salaried individual Exercise 11- Consolidated exercise. compute taxable income & tax.

allowance Presented by Md. Kamran 24 Megha shriwastava 25 Monica 26

Schedule E – Employment Income

Operation Management Dr. Aravind Banakar –

Essential of Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

Management Control Systems Dr. Aravind Banakar –

Business Environment Dr. Aravind Banakar –

Business Environment Dr. Aravind Banakar –

School Management Dr. Aravind Banakar –

Income Tax Management Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Principles and Practice of Management Dr. Aravind Banakar.

Principles and Practice of Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

Quantitative Methods Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

Business Communication Dr. Aravind Banakar –

International Human Resource Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

International Business Dr. Aravind Banakar –

Income Tax Management Dr. Aravind Banakar –

Project Management Dr. Aravind Banakar –

Income Tax Management Dr. Aravind Banakar –

Marketing Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

International Business Dr. Aravind Banakar –

School Management Dr. Aravind Banakar –

Project Management Dr. Aravind Banakar –

Project Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

Inventory Management Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Quantitative Methods Dr. Aravind Banakar –

Organizational Behaviour Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Quantitative Methods Dr. Aravind Banakar –

Operation Management Dr. Aravind Banakar –

Business Environment Dr. Aravind Banakar –

Quantitative Methods Dr. Aravind Banakar –

Personnel Management Dr. Aravind Banakar –

Business Communication Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

Principles and Practice of Management Dr. Aravind Banakar –

Human Resource Management Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Human Resource Management Dr. Aravind Banakar

Project Management Dr. Aravind Banakar –

International Business Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Project Management Dr. Aravind Banakar –

Essential of Management Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Networking Management Dr. Aravind Banakar –

Project Management Dr. Aravind Banakar –

Networking Management Dr. Aravind Banakar –

This presentation uses a free template provided by FPPT.com Project Management Dr. Aravind Banakar –

Income Tax Management

Income Tax Management

Income exempt from Tax under section 10

Lesson 2-Continued.

This presentation uses a free template provided by FPPT.com Capital Market and Portfolio Management Dr. Aravind Banakar.

Advanced Financial Accounting FIN-611

Presentation transcript:

Income Tax Management Dr. Aravind Banakar –

Income Tax Management COURSE : Total Marks : CASE STUDY : 1 Mr Bhatnagar an employee of private limited company is drawing Rs 20,000 p.m. as basic salary, Rs 10,000 p.m. as DA (Forming part), Rs 3,000 p.m. as CCA, Rs 2,000 p.m. as lunch allowance and Rs 25,000 p.a. towards leave travel concession (LTC), Professional tax of Rs 1,000, LIC Premium of Rs 2,000 and Club bill of Rs 3,000 are paid by the employer. The employee was provided with a motor car (big car), expenses met by the employer. Calculate Income from Salary in the following cases.

Question : 1)Mr Bhatnagar as specified employee working in Chennai. 2) Mr Bhatnagar as unspecified employee working in Ahmedabad. 3) Explain the provisions and exemptions available U/s 10 for Income from Salaries. 4) State the perquisites which can be taxed only in the case of specified employees.

Global Study Solutions Dr. Aravind Banakar