MIND MAPS FOR SALARY CS EXECUTIVE

INCOME UNDER THE HEAD SALARY....

{SECTION 15 TO 17}

LESSON OUTLINE-

• Basis of charge

• cocept of taxability

• retirement benefit

• gratuity

• pension

• leave enchashment

• termination of job

• providend fund

• allowances and its exemption limits

• perquisites

• illustrations

All income received as salary under Employee-Employer relationship is taxed under this head.On recipt or due basis whichever is earlier.