Income Tax Exemption on Salary

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Income Tax Exemption on Salary

abbas_chinikham
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02-18-2009, 09:58 PM

Thanx for all your answere.

Need help again !

I am working in a firm which provide Life & Health Insurance Benefit (OPD Not Included). But still for the sake of tax saving, I still count 10% of basic salary as Medical Allowance. Is this right or against law?

Secondly
What is the treatment of Leave Encashment & Gratuity fund?

I am treating both above as BONUS and add them to employee annual salary. Hence increasing the Tax Slab Rate. Is this rite?

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Income Tax Exemption on Salary - by abbas_chinikham - 01-15-2009, 05:35 PM

[No subject] - by kamranACA - 01-24-2009, 07:00 PM

[No subject] - by Hasaan - 01-25-2009, 01:03 AM

[No subject] - by kamranACA - 01-26-2009, 05:59 PM

[No subject] - by Hasaan - 01-26-2009, 07:06 PM

[No subject] - by kamranACA - 01-26-2009, 08:30 PM

[No subject] - by khalilahmed11 - 01-28-2009, 02:05 PM

[No subject] - by abbas_chinikham - 02-18-2009, 09:58 PM

[No subject] - by kamranACA - 02-18-2009, 11:06 PM

[No subject] - by abbas_chinikham - 02-23-2009, 07:16 PM

[No subject] - by kamranACA - 02-23-2009, 09:11 PM