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Salaries (BASIS OF CHARGE (SECTION 15) (Advance Salary (Advance salary is…

- - - - revision of salaries of employees, the arrears received in that connection will be charged on receipt basis. Here also, relief under section 89(1) is available.
- - - - (i) wages,
        
        fixed regular payment earned for work or services.
        
        words “wages”, “salary”, “basic salary” are used interchangeably.
        
        payments in the form of Bonus, Allowances etc. made to the employee are also included within the meaning of salary
        
        Fully Taxable
        
        Entertainment Allowance
        
        Act gives a deduction towards
        entertainment allowance only to a Government employee
        
        (ii) Dearness Allowance
        
        (iii) Overtime Allowance
        
        (iv) Fixed Medical Allowance
        
        (v) City Compensatory Allowance (to meet increased cost of living in cities)
        
        (vi) Interim Allowance
        
        (vii) Servant Allowance
        
        (viii) Project Allowance
        
        (ix) Tiffin/Lunch/Dinner Allowance
        
        (x) Any other cash allowance
        
        (xi) Warden Allowance
        
        (xii) Non-practicing Allowance
        
        (xiii) Transport allowance to employee other than blind/ deaf and dumb/ orthopedically handicapped employee
        
        in case of blind/ deaf and dumb/ orthopedically handicapped employees exemption upto ` 3,200 p.m. is provided under section 10(14)(ii) read with Rule 2BB
        
        Partly Taxable
        
        (i) House Rent Allowance [u/s 10(13A)] least
        
        Other Cities
        
        3 more items...
        
        Metro Cities (i.e. Delhi, Kolkata,
        Mumbai, Chennai)
        
        3 more items...
        
        (ii) Special Allowances [u/s 10(14)]
        
        Fully Exempt
        
        (i) Allowances to High Court Judges
        
        (ii) Allowance paid by the United Nations Organization
        
        (iii) Compensatory Allowance received by a judge
        
        (iv) Sumptuary allowance granted to High Court or Supreme Court Judges
        
        (v) Allowance granted to Government employees outside India.
      - (ii) any annuity or pension,
      - (iii) any gratuity,
      - (iv) any fees, commission, perquisite or profits in lieu of or in addition to any salary or wages,
      - (v) any advance of salary,
      - (vi) any payment received in respect of any period of leave not availed by him i.e. leave salary or leave encashment,
      - (vii) Provident Fund:
        
        the portion of the annual accretion in any previous year to the balance at the credit of an employee participating in a recognised provident fund to the extent it is taxable and
        
        transferred balance in recognized provident fund to the extent it is taxable,
      - (viii) the contribution made by the Central Government or any other employer in the previous year to the account of an employee under a pension scheme referred to in section 80CCD.