Powerpoint on income from salaries by Neeraj Gupta Tax Classes www.ngpa.in 9810398903, 9266664949

1. 1www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

2. 2www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

3. 3www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

4. 4www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
ELEMENTS OF SALARY
 minimum
remuneration
 payable on
monthly basis
fully taxable
taxable on
receipt basis
 fully taxable

5. 5www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
fixed sum of money
 cash payment
 for a particular expenditure

6. 6www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
• fully taxable
• irrespective of actual medical
expenses incurred by the
employee
Medical
Allowance
• Exempt up to actual amount
received per child
• or Rs. 100 p.m. per child
• up to a maximum of 2 children
• whichever is less
Children
education
allowance

7. 7www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

8. 8www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
• Fully taxable
Dearness
Allowance/
Dearness Pay
Types
of
DA
DA [forming
part of salary
for the purpose
of retirement
benefits]
DA [not forming
part of salary]
DA [partially
forming part of
salary]

9. 9www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
• HRA is exempt to
the minimum of the
following:
• 50%/40% of salary
or
• HRA or
• Rent (-) 10% of
salary
House
Rent
allowance

10. 10www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
SPECIAL
ALLOWANCES
U/S 10(14)
Travelling
allowance/
Transfer
allowance Daily
allowance
Conveyance
allowance
Helper
allowance
Research
allowance
Uniform
Allowance
 Special Allowances are exempt to the extent of
official expenditures

11. 11www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

12. 12www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

13. 13www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

14. 14www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

15. 15www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES
• Exemption varies from
Rs. 200 per month to
Rs. 1,300 p.m.
• depending upon
different specified
areas.
Border area
allowance,
Remote area
allowance,
difficult area
allowance or
disturbed area
allowance
• The exemption is upto
Rs. 3,900 per month
Counter –
insurgency
allowance

16. 16www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

17. 17www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

18. 18www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

19. 19www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

20. 20www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES

21. 21www.ngpacollege.com Assessment Year 2013-14 For sms only 9810139214
CHAPTER-3 [INCOME FROM SALARIES] NEERAJ GUPTA CA IPCC TAX CLASSES