WebAs per section 15, the following income shall be chargeable to income-tax under the head "Salaries": (A) any salary due from an employer or a former employer to an assessee in … WebMar 22, 2024 · APSC Prelims 2024 Test Series. SSC Full Length Free Test. Home /. General Knowledge /. salary account comes under which of the following head.
16 (Set-off and Carry-forward of Losses) - Income TaxPe
Webdepreciation at 20 % for every completed year under reducing balance method of computing depreciation. F. Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under section 15; G. Advance salary is taxable, while advance against salary is not taxable. 7. WebJan 14, 2024 · Salaries Question 1: Interest free loan will not be regarded as perquisite given by employer to employee if loan given is up to-. 10,000. 5,000. 20,000. 15,000. Answer … flower turbines precio
computation of income under the head salary Online Exam
Web3 years ago. Salary is an income, I don't know how it is indirect expense. Examveda : 5 years ago. Salary Account is generally indirect expense because it cannot be conveniently … WebNov 21, 2024 · Recent Posts. HSC Question Paper 2024 – 12th Commerce (Download Free pdf) HSC OCM Paper 2024 March – Maharashtra Board Download Free Pdf; HSC SP … WebThe motor car was self-driven by employee. Compute the income chargeable to tax under the head “Salaries” in the hands of Ms. Jyoti for the Assessment year 2024-21. Answer Computation of income from “salaries” of Ms. Jyoti for the A. 2024- 21 Particulars Basic salary [65,000 +22,000) * 12] – 12% * {[65,000 + 6,600 being 30% of `22,0000 green bull exposed