Income Tax Filing
Filing income tax is an important part of financial planning. It helps individuals and businesses to keep track of their financial health and ensures compliance with the Government regulations.
Income Tax Filing
Salary is a fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, paid by an employer to an employee. However, under the Income tax Act 1961, defines the term salary is defined under section 17(1) which includes salary, wages, annuity or pension, gratuity, fee, commission, perquisite or profit in lieu of salary or in addition to any salary or wages.
