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Full Version: Teacher/Researcher with award/honourarium
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Teacher/Researcher has 75% rebate in tax. What if he has additional income in the form of award/hounorarium given to him by his department/govt based on his performance in job (like Higher Education Commission gives cash awards to best teachers)? How much tax will be applicable on that income (100% or 25%)?
Some expert may kindly reply to my question.