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Published byLoreen Daniel Modified over 8 years ago
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FULLY TAXABLE COMPONENTS AND ALLOWANCES FULLY EXEMPTED ALLOWANCES PARTLY EXEMPTED ALLOWANCES RETIREMENT BENEFITS TAXABLE PERQUISITIES
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FULLY TAXABLE COMPONENTS AND ALLOWANCES ADVANCE SALARY ARREAR SALARY BASIC SALARY BONUS CITY COMPENSATORY ALLOWANCES COMMISSION AS A FIXED PERCENTAGE ON TURNOVER DEARNESS ALLOWANCE OR PAY ENTERTAINMENT ALLOWANCES
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FEES FIXED MEDICAL ALLOWANCES FAMILY ALLOWANCE LEAVE ENCASHMENT ALLOWANCE LUNCH / TIFFIN ALLOWANCES MONTHLY OR UNCOMMUTED ALLOWANCE NON – PRACTICING ALLOWANCE OVERTIME ALLOWANCE SERVANT ALLOWANCE WARDEN ALLOWANCE
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TRAVELLING ALLOWANCE CONVEYANCE ALLOWANCE DAILY ALLOWANCE HELPER ALLOWANCE ACADEMIC ALLOWANCE UNIFORM ALLOWANCE
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ALLOWANCESPURPOSE OF ALLOWANCE EXEMPTION LIMIT
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ALLOWANCESPURPOSE OF ALLOWANCE EXEMPTION LIMIT
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CONDITION DOES NOT LIVE IN HIS OWN HOUSE PAYS RENT IN EXCESS OF 10% OF HIS SALARY FOR HIS RESIDENTIAL ACCOMATION.
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Amount received during the FY Towards HRA xxxx LESS: EXEMPTION (least of the following) 1. Amount received as HRA 2. 50% of salary (if chennai, mumbai, kolkata and delhi) OR 40% of salary (for other places) 3. Rent paid xxx LESS: 10% of salary (xx) (xxx)
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BASIC SALARY DA CONSIDERED FOR RETIREMENT BENEFITS COMMISSION AS A FIXED PERCENTAGE ON TURNOVER OF EMPLOYEES
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RETIREMENT BENEFITS GRATUITY SEC10(10) PENSION SEC10(10A) LEAVE ENCASHMENT SEC10(10AA) RETRENCHMENT COMPENSATION SEC 10(10B) VOLUNTARY RETIREMENT COMPENSATIO N SEC10(10C) TAX TREATMENT OF PROVIDENT FUNDS RETIREMENT BENEFITS GRATUITY SEC10(10)
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RECEIVED BY NON-GOVT EMPLOYEE COVERED UNDER POGA NOT COVERED UNDER POGA RECEIVED BY GOVT EMPLOYEE FULLY EXEMPT
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When employee is covered under POGA Amount received during the FY Towards GRATUITY xxxx LESS: EXEMPTION (least of the following) 1. Amount received 2. 15/26*last drawn salary *no.of years of completed service 3. Notified limit of Rs.10lakh. (xxx)
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BASIC SALARY XXXX DA CONSIDERED FOR RETIREMENT BENEFITS XXXX COMMISSION AS A FIXED % ON TURNOVER OF EMPLOYEES XXXX SALARY FOR GRATUITY EXEMPTION XXXX
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When employee is NOTcovered under POGA Amount received during the FY Towards GRATUITY xxxx LESS: EXEMPTION (least of the following) 1. Amount received 2. 1/2*average monthly salary *no.of years of completed service 3. Notified limit of Rs.10lakh. (xxx)
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BASIC SALARY XXXX DA CONSIDERED FOR RETIREMENT BENEFITS XXXX COMMISSION AS A FIXED % ON TURNOVER OF EMPLOYEES XXXX SALARY FOR GRATUITY EXEMPTION XXXX
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PENSION COMMUTED PENSION UNCOMMUTE D PENSION GOVT EMPLOYEE NON-GOVT EMPLOYEE FULLY TAXABLE GOVT EMPLOYEE NON-GOVT EMPLOYEE EMPLOYEE RECEIVES GRATUITY EMPLOYEE DOES NOT RECEIVE GRATUITY FULLY EXEMPT
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Commuted pension received xxxx LESS: EXEMPTION 1/3 rd of full value of pension received (xxx)
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Commuted pension received xxxx LESS: EXEMPTION 1/2* of full value of pension received (xxx)
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LEAVE ENCASHMENT LEAVE ENCASHMENT ON RETIREMENT GOVT EMPLOYEE NON-GOVT EMPLOYEE LEAVE ENCASHMENT WHILE IN SERVICE FULLY TAXABLE FULLY EXEMPT PARTLY EXEMPT
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Amount actuallyreceived xxxx LESS: EXEMPTION (least of the following) 1. Amount received 2. average monthly salary *10 months 3. Notified limit of Rs.3lakh. 4. Period of earned leave to the Credit of the employee *average Monthly salary (xxx)
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(FOR 10 MONTHS) BASIC SALARY XXXX DA CONSIDERED FOR RETIREMENT BENEFITS XXXX COMMISSION AS A FIXED PERCENTAGE ON TURNOVER OF EMPLOYEES XXXX SALARY FOR LEAVE ENCASHMENT XXXX EXEMPTION
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Amount actually received xxxx LESS: EXEMPTION (least of the following) 1. Amount received 2. Notified limit of Rs.5lakh. 4. Amount determined under the Industrial Disputes Act, 1947 (xxx)
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Amount actually received xxxx LESS: EXEMPTION (least of the following) 1. Amount received 2. Notified limit of Rs.5lakh. 4. Amount should not exceed higher of the following: a) last drawn salary *3* completed yr of service b) last drawn salary *no. of years of service (xxx)
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BASIC SALARY XXXX DA CONSIDERED FOR RETIREMENT BENEFITS XXXX SALARY FOR VLC EXEMPTION XXXX
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S.NO.STATUTORY PROVIDENT FUND RECOGNISED PROVIDENT FUND UNRECOGNISED PROVIDENT FUND PUBLIC PROVIDENT FUND
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