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Overview - Section 15

Income Tax - Salary Income - 01 - INCOME FROM SALARIES CONDITION FOR CHARGING INCOME U/H OF SALARIES There must be Employer and Employee relationship between the person liable to pay the amount and person entitled to receive the amount. BASIS OF CHAR .....

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P/Y on due basis. Arrears of salary are taxable on payment basis and not on due basis Explanation: If advance salary is taxed during P/Y of receipt then it shall not be taxed again when it becomes due. Any salary, bonus, commission or remuneration d .....

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At the time of retirement / death etc. Leave Encashment During the employment At the time of retirement / death etc. Profits in lieu of or in addition to any salary or wages any compensation on account of Retrenchment on account of VRS / VSS in any o .....

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