tax

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kumar

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Sep 27, 2009, 8:08:03 AM9/27/09

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sir,
please tell about incometax for salaried group during 2009-2010

Ashok Ghosh

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Oct 11, 2009, 7:01:32 AM10/11/09

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Dear Sirs,

The salaried group as per IT Act includes wage/salary earners, pensioners, recepient of arrear/advance remuneration incourse of employment or arising out of previous employment.

Thus,the income under the head Salaries, for the purpose of taxation covers all earnings (cost to company in cash or kind) arising out of employer-employee relationship whether received during the financial year or afterwards and includes terminal benefits.