Income from Salary

Tax Glossary Definition

Income from Salary

Income from Salary – Income earned by an individual from employment, including basic salary, allowances, perquisites, bonuses, and any other remuneration received from an employer. Example: A person earning ₹12 lakh as basic salary plus ₹1 lakh as House Rent Allowance (HRA) reports ₹13 lakh under “Income from Salary

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