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Provision for Section 17(2) Certificate for Medical Benefits Exemption

Income Tax : Now a days various hospitals are receiving email from TPA for getting confirmation whether they have certificate under proviso (ii...

May 9, 2024 13041 Views 2 comments Print

Income Tax Declaration Submission for Salaried Employees: Format & Process

Income Tax : Learn about the income tax declaration process for employees, including Form 2BB submission, importance, and verification of suppo...

April 14, 2024 28314 Views 2 comments Print

Analysis of the Different Heads of Income

Income Tax : Explore the intricate details of different heads of income, including salaries, and their tax implications. Gain insights into tax...

April 13, 2024 4047 Views 0 comment Print

Income Tax Planning for Salaried employee’s

Income Tax : Maximize your tax savings as a salaried employee with smart planning strategies. Discover allowances and deductions for income tax...

February 21, 2024 5529 Views 1 comment Print

Issues While Switching Employer For Salaried Individual

Income Tax : Navigating tax compliances during a job change in India. Learn about Form 16, deductions, and avoiding legal pitfalls. Expert insi...

January 31, 2024 846 Views 0 comment Print


Latest News


Rent Concession on house provided to assessee by employer is perquisites

Income Tax : Perquisites includes the value of any concession in the matter of rent respecting any accommodation provided to the assessee by hi...

August 8, 2022 1566 Views 0 comment Print

Advisory on Tax Evasion by Salaried Taxpayers

Income Tax : Cautionary Advisory on Reports of tax evasion by under-reporting income or inflating deductions/Exemptions by salaried taxpayers. ...

April 18, 2018 25602 Views 2 comments Print

Standard deduction available on pension from former employer: CBDT

Income Tax : The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable...

April 5, 2018 19458 Views 6 comments Print

BCAS represents on wrong TDS filing return due date in recent Circular

Income Tax : BCAS made a Representation to CBDT regarding error in stating due date for Filing of Quarterly TDS Statements for Financial Year 2...

January 14, 2017 4000 Views 0 comment Print

SBI Interest Rates on 1st April, 2011- For perquisite valuation

Income Tax : State Bank of India: Interest Rates on 1st April, 2011- For the purpose of computing perquisite valuation Interest rates as on 1st...

January 1, 2012 12081 Views 0 comment Print


Latest Judiciary


Voluntary Compensation in lieu of ESOP Not Part of Salary: Delhi HC in Flipkart-Phonepe Case

Income Tax : In the case of Sanjay Baweja Vs DCIT, the Delhi High Court ruled that one-time payments in lieu of ESOPs do not constitute salary ...

June 9, 2024 7128 Views 2 comments Print

Rule 3 applies only when a concession in rent is provided by employer to employee

Income Tax : ITAT Delhi dismisses Revenue's appeal against order of Commissioner of Income Tax (Appeals) regarding valuation of perquisites and...

March 20, 2024 459 Views 0 comment Print

No Tax on Salary for Non-Resident Assessee Rendering Services Outside India: ITAT

Income Tax : Explore the ITAT Delhi ruling on Devi Dayal Vs DCIT regarding taxation of salary earned by a non-resident outside India. Detailed ...

February 15, 2024 738 Views 0 comment Print

Section 40(a)(ia) Inapplicable to TDS Non-Deduction on Pre-AY 2015-16 Salary

Income Tax : ITAT Delhi's decision in the case of Sumaitri Bima Distributors Pvt. Ltd vs. ITO regarding non-applicability of S.40(a)(ia) for TD...

November 4, 2023 597 Views 0 comment Print

Income of Company cannot be assessed under the head ‘salary’

Income Tax : Since the assessee is a company as is established by the 143(1) intimation, question of assessing its income under the head ‘sal...

January 19, 2023 828 Views 0 comment Print


Latest Notifications


Correction to Income Tax Notification for Accommodation Perquisite Valuation

Income Tax : Corrigendum for the Notification bearing G.S.R. No. 615 (E) dated 18.08.2023 i.e. Income Tax Notification No. 65/2023 dated 18th A...

August 29, 2023 1668 Views 0 comment Print

CBDT Amends Income Tax Rules for Valuation of Accommodation Perquisite

Income Tax : CBDT has modified Income Tax Rules, 1962, to determine the value of perquisite for residential accommodation provided by employers...

August 18, 2023 14457 Views 1 comment Print

Instructions regarding Grant of HRA to Central Government employees

Income Tax : No.2/4/2022-E.IIB Government of India Ministry of Finance Department of Expenditure *** North Block, New Delhi. Dated the 30th Dec...

December 30, 2022 22941 Views 0 comment Print

TDS & Tax on Salary | Section 192 | FY 2021-22 | AY 2022-23

Income Tax : CBDT issued Income Tax Circular No. 04/2022 on 15th March 2022 and explained all provisions related to deduction of Tax At Source ...

March 15, 2022 96576 Views 1 comment Print

CBDT revises Form No. 12BA, Part B to Form 16, Annexure II to Form No. 24Q

Income Tax : CBDT revises Form No. 12BA (Statement showing particulars of perquisites, other fringe benefits or amenities and profits in lieu o...

March 11, 2021 17622 Views 0 comment Print


Latest Posts in salary income

Voluntary Compensation in lieu of ESOP Not Part of Salary: Delhi HC in Flipkart-Phonepe Case

June 9, 2024 7128 Views 2 comments Print

In the case of Sanjay Baweja Vs DCIT, the Delhi High Court ruled that one-time payments in lieu of ESOPs do not constitute salary under Section 17 of the Income Tax Act.

Provision for Section 17(2) Certificate for Medical Benefits Exemption

May 9, 2024 13041 Views 2 comments Print

Now a days various hospitals are receiving email from TPA for getting confirmation whether they have certificate under proviso (ii)b of section 17(2) and hospital are like what is this provision? And were do we get that registration? Why this registration is not there? Does my existing business would affect due to not having certificate […]

Income Tax Declaration Submission for Salaried Employees: Format & Process

April 14, 2024 28314 Views 2 comments Print

Learn about the income tax declaration process for employees, including Form 2BB submission, importance, and verification of supporting documents. Explore common tax-saving investments and understand the declaration format for opting the old or new tax regime.

Analysis of the Different Heads of Income

April 13, 2024 4047 Views 0 comment Print

Explore the intricate details of different heads of income, including salaries, and their tax implications. Gain insights into tax treatment, exemptions, and key considerations for various forms of salary income.

Rule 3 applies only when a concession in rent is provided by employer to employee

March 20, 2024 459 Views 0 comment Print

ITAT Delhi dismisses Revenue’s appeal against order of Commissioner of Income Tax (Appeals) regarding valuation of perquisites and tax deduction on rent-free accommodation provided to employees by Indian Institute of Technology (IIT). Get insights into the case and the tribunal’s ruling.

Income Tax Planning for Salaried employee’s

February 21, 2024 5529 Views 1 comment Print

Maximize your tax savings as a salaried employee with smart planning strategies. Discover allowances and deductions for income tax exemption before the March 31, 2024 deadline!

No Tax on Salary for Non-Resident Assessee Rendering Services Outside India: ITAT

February 15, 2024 738 Views 0 comment Print

Explore the ITAT Delhi ruling on Devi Dayal Vs DCIT regarding taxation of salary earned by a non-resident outside India. Detailed analysis and conclusion provided.

Issues While Switching Employer For Salaried Individual

January 31, 2024 846 Views 0 comment Print

Navigating tax compliances during a job change in India. Learn about Form 16, deductions, and avoiding legal pitfalls. Expert insights for a smooth transition.

Hospital Application for Nil Perquisite on Employee Medical Expenses

January 18, 2024 9597 Views 1 comment Print

Discover how hospitals can secure tax benefits for employees’ medical expenses. From perquisite definitions to approval procedures, delve into the intricate details of Section 17(2) and Rule 3A

Retirement Taxation: Strategies, Implications and Voluntary Savings

January 11, 2024 732 Views 0 comment Print

Retirement and voluntary retirement taxation, benefits, types of plans, tax implications, and strategies to minimize taxes on your retirement income.

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