difference between income chargeable under salary and income under salary

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difference between income chargeable under salary and income under salary

what is the difference income from salary and income chargeable under salary

Profile photo of L KRISHNA Asked By: L KRISHNA 7 replies 6 helpful answers Last Updated: 7 months, 3 weeks ago
  • Profile photo of L KRISHNAL KRISHNA
    Participant

    what is the difference income from salary and income chargeable under salary

  • Profile photo of KOMAL MISTRYKOMAL MISTRY
    Moderator

    Income from salary includes gross salary i.e. basic salary , allowances, perquisites, etc. Income chargeable under salary means amount received or deemed to be received as salary which taxable in India. That includes pension, RSU also.

  • Profile photo of L KRISHNAL KRISHNA
    Participant

    is chargeable income under salary means gross salary minus exemptions?

    • Profile photo of KOMAL MISTRYKOMAL MISTRY
      Moderator

      Yes. Chargeable income under salary means taxable income under the head of salary which is after the exemptions available from salary income

  • Profile photo of L KRISHNAL KRISHNA
    Participant

    if my gross salary 10000, PT 240 ,HRA 1500,80C 1500 what is my income chargeable under salary or income under salary( col3) in tds

    • Profile photo of KOMAL MISTRYKOMAL MISTRY
      Moderator

      Income chargeable under salary will be INR 8260/- less if HRA exemption avilable to you based on the rent paid by you. further, Income under salary (col3)in TDS will appear as per your Form 26AS only otherwise, it will be your gross salary i.e.10,000/-

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