Taxable Salary Components

Tax Glossary Definition

Taxable Salary Components

Comprise all forms of income earned from employment, including basic pay, allowances, perquisites, commissions, and bonuses, which are chargeable to tax under the “Salaries” head of income.

Example: Basic pay ₹6 lakh + HRA ₹2 lakh + annual bonus ₹50,000 → total taxable salary ₹8.5 lakh.

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