Salaries

Tax Treatment of Provident Fund for Calculating Taxable Salary Income

Provident Fund Scheme is a welfare scheme for the benefit of the employees. Under this scheme, certain sum  is deducted by the employer from the employee’s salary as his contribution to the Provident Fund every month.  The employer also contributes a certain percentage of the salary of the employee to the provident fund. These  contributions […]

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[Section 89/Rule 21A]- Tax Relief when Salary is Paid in Arrears or in Advance

Cases or situations of Tax Relief under section Section 89/Rule 21A when Salary is Paid in Arrears or in Advance for calculating taxable salary income for assessment year 2022-23 & 2023-24. Where, by reason of any portion of an assessee’s salary being paid in arrears or in advance or by reason of his having received

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