Income From Salary

Income From Salary

Question 1:- What is meant by prerequisite? What are tax-free benefits? Meaning of Perquisites:- Perquisites means such facilities and benefits which are received by an employee from his employer in addition to salary in the form of such goods or services facility which can be valued in money. Such facilities or benefits may be provided … Read more

UNIT – I Basic Concepts Tax

Income tax act

Meaning of tax The tax may be a mandatory payment that has got to be created by individual or alternative persons to central government, authorities or government. Tax relies on sure can institution rules or criteria like financial gain earned , property owned or expenditure created. let’s see Basic Concepts Tax. Direct and taxation Direct tax may be a payment directly created to the stable by the one who bears it.Indirect tax may be a tax that is paid by one person and burned by another person. Income tax act The revenue … Read more