###Income under head salaries in Income Tax Act 1961 all concept example and problems for UGC NET exam RPSC assistant professor CA BCom CS MCA CMA b.com BBA m.com MBA and other commerce courses. By-RES Mithlesh mam.
Topic coverd:-
Income under the head salaries
Topic -1( If there exist Employer and Employee relationship)
Relationship of master and servant
#Not a principal -agent Relationship
#Special cases
#case-1 Paper setter/Invigilator
#case-2 Salary Received by MLA & MP
#case-3 Remuneration Received by Judges
#Cade-4 Fees received by Advocate General
#case-5 Pay and allowance to chief minister
#Basic of charge of salary (section 15)
#Examples:- Find total taxable salary for2023-24
#Fixed pay scale/ Graded pay scale
#Taxability of Allowance
#House Rent Allowance
#House Rent Allowance
# #Questions of House Rent Allowance
#Rest of Allowance
#Fully Taxable
# Partly taxable Allowance catagory -1
#partly taxable Allowance category -2
#Wholly Exempt Allowance
# New amendment in transport Allowance
# Gratuity
#Special points of gratuity
# New amendment of Gratuity
#Treatement of Pension
#Special points of pension
# Fing Gross salary
# Retrenchment compensation
Questions of retrenchment compensation
#What is VRS compensation
#Guidelines for claming exemption (Rules 2BA)
#Tax treatment of provident fund
#Types of provident fund
#What is Tax Incidence
#Specific cases of Lump sum payment
# Unrecognised provident fund
# super Annutation Fund
#Wgat is leaves Encashment
# compute the amount of taxable leaves salary
# Perquisites
#LTC (Leave travel concession)
# Amount of exemption
#Medical Facility
# compute the taxable value of the perquisites
# Loan provident bye Employer
#Gift charge bility
#employees stock option Plan ( ESOP)
# Find value of perquisites
#Free or concessional Meals
# Use of movable Assets ( Other than motor car)
# Car facility
# Transport of movable Assets
#Rent free Accommodation (House facility)
#Definitiin of salary
#Accommodatiin provide in Hotel
# compute value of RFA
#Rent free Accommodation
#perquisites taxable in case of specific Employees
# Education facility
# What is professional Tax
# Entertainment Allowance

#Standard deductions
# salary statement
Topic coverd in Vedio,
*Meaning of salary section
*Allowance (HRA,TA,DA,CEA,HEA etc)
*Gratuity
*Leave Encashment
*Pension
*Provided fund
#retrenchment compensation
* Voluntary Retirement Receipt
*Super Annutation Fund
*perquisites

Mithlesh commerce classes is engaged in providing quality commerce Education to society at conciliation prices.we provide the complete tutorial for All commerce courses including CA CS CMA BCom BBA MBA RPSC assistant professor NTA UGC NET class 11 and class 12, other commerce classes.
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#income tax
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RPSC college lecture ABST
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#B.com
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@mithlesh20
कृपया मेरे यूट्यूब चैनल को सब्सक्राइब

queries_
#income from salary

#income from salary problems with solutions
#income from salary BCom 3rd year
#income from salary income tax
#income from salary theory
#income from salary retirement
#income from salary BCom 2nd year
#income from salary revision
#income from salary tybcom
#income from salary leave salary retirement compensation
#income from salary problem with solution
#income from salary retirement
#unka phone salary b.com 2nd year
#income from salary perquisites
#income from salary question answer
#income from salary provisions

#education
#income tax
#commerce
#rpsc assistant professor
RPSC college lecture( ABST)
#Nta UGC NET JRF
#B.com
#BBA.

@mithlesh20
कृपया मेरे यूट्यूब चैनल को सब्सक्राइब

queries_

#income from salary
#income from salary problems with solutions
#income from salary BCom 3rd year
#income from salary income tax
#income from salary theory
#income from salary retirement
#income from salary BCom 2nd year
#income from salary revision
#income from salary tybcom
#income from salary leave salary retirement compensation
#income from salary problem with solution
#income from salary retirement
#unka phone salary b.com 2nd year
#income from salary perquisites
#income from salary question answer
#income from salary provisions

education
#income tax
#rpsc assistant professor
#hpsc assistant professor
# commerce classes
#bba
#bcom
#ugcnet , JRF, SET
# Ca inter
#introduction of salary
# retirement benefit kya hota hai
#retirement benefit provision

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#Nav commerce classes
# nav commerce classes channel ki support karna
# nav commerce classes ko like share, subscribe Kare
# @mithlesh 20

#Income tax on Retirement benefits
# income from provident fund
# income from leaves encashment
#income from campensation on volentery retirement
# income tax on allowance
#income tax on pension problem
# income from salary Retirement benefits and perquisites…(read more)

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As an English professor, one of the concerns that I often come across among my students and colleagues is the calculation of their income tax. Income tax is one of the most crucial aspects of any salary-based job, and it is essential to understand how it affects your earnings.

When it comes to income from salary, there are several components that one needs to consider. The first is the leave salary. As per Indian tax laws, the leave salary is taxable if it is paid to the employee during their employment tenure.

The second component is the Provident Fund or PF, which is a savings scheme initiated by the Government of India. Both the employee and employer contribute a fixed percentage of the salary towards PF, which is then paid out to the employee upon retirement.

The third component is the retirement pension. It is a regular income stream that an individual receives after they retire from their job. The amount of retirement pension is calculated based on the number of years of service and the average salary earned during that period.

All of these components of income from salary are taxable under the Income Tax Act. Therefore, it is crucial to calculate the appropriate tax amount based on their salary and other deductions.

Another important aspect to consider is that of UGC NET and RPSC A. Professor. NET stands for National Eligibility Test, and RPSC is the Rajasthan Public Service Commission. Both of these are examinations conducted to assess the eligibility of individuals for a position as a professor in a college or university.

As a qualified professor, your salary will be at par with the scale offered by the Government of India. The pay scale varies based on the level of experience and qualifications of an individual professor. As per the guidelines issued by the University Grants Commission (UGC), the salary of a professor will also depend on their post, rank, and service period.

In conclusion, understanding the nuances of income from salary, tax implications, UGC NET, and RPSC A. Professor is crucial for anyone entering the teaching profession. A sound understanding of these aspects will help individuals manage their finances better and plan for their future. As an English professor, I encourage my students to pay attention to these financial details and make informed decisions when it comes to their earnings and savings.