MODULE IV & V

INCOME FROM SALARY

Compiled by

Dr. Umakanth.S, Dr. Supriya Rai, Vivek Guptha, Manisha. T & Anusha.N

0 (For Private Circulation Only, JU- CMS )

INCOME TAX –I AY-23-24, PY-22-23

INCOME FROM SALARY

Salary as per sec 17(1)

1. Wages. 17(1)(i)

2. Annuity or Pension. 17(1)(i)

3. Gratuity. 17(1)(i)

4. (a) Any Fees -- Fully Taxable17(1) (i)

(b) Commission -- Fully Taxable 17(1) (i)

(c) Bonus -- Fully Taxable 17(1) (i)

(d) Perquisites -- (Perks) These are treated separately u/s 17(2)

(e) Profit in lieu of Salary -- These are treated separately u/s17(3)

5. Salary in lieu of Leave / Leave Encashment. 17(1) (i).

6. Advance Salary or Arrears of Salary. 17(1)(i

7. Provident Fund (PF): employer contribution in excess of 12% of salary and interest
in excess of 9.5%, 17(1) (vi) Refund:

(a) If SPF -- Fully exempted

(b) If RPF -- Fully exempted if service is more than 5 years.

(c) If URPF -- Taxable portion is added in salary income. Taxable portion is equal to
employer’s contribution + interest on this part. Interest on own contribution to URPF is
taxable under the head “Income from Other Sources”

8. Transfer of balance from URPF to RPF 17(1)(vii)

9. The contribution made by central government to the account of an employee under

pension scheme 17(1) (viii)

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Calculation of Taxable (Income from) Salary

Assessee: AY:2023-2024
PY:2022-2023
Basic Pay
DA
CCA
Bonus
Advance Salary
Arrears Salary
Commission
Entertainment allowance
PF
i. Employer contribution to
RPF in excess of 12% of Salary
ii. Interest on RPF in excess of 9.5%
Perquisites u/s 17(2)
Allowance u/s 17(3)
Profit in Lieu of salary 17(4)
GROSS SALARY ------
LESS: Deduction u/s 16
ii. Entertainment Allowance
iii. Employment Tax /
Professional Tax
INCOME FROM SALARY -------
Less : deduction under chapter VI A / 80 C ------
Taxable income from salary --------

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Problems on Taxable Salary

1. Mr. Hani is working in an MNC and supplies you the following particulars
Basic Pay Rs. 10,000 pm, DP Rs. 1,000 pm, Taxable HRA Rs.3500; Taxable EA
Rs.6,000, PT amounted to Rs. 250 pm. Calculate Taxable Salary for the Previous year
2022-2023 (Assessment t year 2023-2024)

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2. Mr. Sashi employee of Zee net Ltd asks you to compute his taxable salary from the
following information: Basic salary Rs.15,000 pm, DA (not enters) Rs.700 pm,
Advance Rs. 15,000; Taxable perquisite Rs. 25,000, Taxable Children education
allowance Rs. 4,800, Bonus Rs.5,000.

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RETIREMENT BENEFITS

Assessee: (Not covered under Gratuity. Act )

AY: 2032-2024 PY: 2022-2023
Death cum Gratuity [Section 10(10)]
Actual Gratuity received ---
Less: Least is Exempt
Assessee: (covered under Gratuity. Act)
(i) Actual Gratuity ---
AY: 2023-2024 PY: 2022-2023
received;
Actual Gratuity ---
(ii) ½ X Avg .salary x ---
received
Number of years of
Less: Least is Exempt
Completed Service
(i) Actual Gratuity ---
(iii) Max.Limit Rs.20,00,000
received;
Least of the above is ----
(ii) 15 days/26 days x ---
exempt
Last Drawn Salary x
TAXABLE GRATUITY ----
Number of years of
Completed Service or Salary: BP+DA(enters)+DP+ Fixed %on Turnover
part thereof in excess achieved(Sales)
of six months; Average salary : Last 10 month salary Preceding the
month of retirement
(iii) Max.Limit Rs.20,00,000
Least of the above is ----
exempt
TAXABLE ----
GRATUITY
Salary: BP+DA+DP

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Problems on Gratuity:

1. Mr. Vivek of Pvt Ltd receive Rs.60,000 as gratuity. He retires after serving 33
years. At the time of retirement his monthly salary was Rs.2,000/-. He is covered under
Gratuity Act 1972. Compute taxable Gratuity.

2. Mr. Ravi retires in September 2020, after serving 42.10 years of service in the
company. His salary for last 10months preceding September 2021 is 2,500 p.m. he
receives Rs.70,000 as gratuity. Calculate taxable Gratuity

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3. Mr. Mayur an employee in MP Govt, retired on 3rd Feb, 2022 and receives
Rs.80,000 towards Gratuity. Compute taxable Gratuity.

4. From the following information calculate taxable gratuity of Mr. Basha for the AY:
2023-2024. Retirement on 30-06-22, monthly salary at the time of retirement BP
Rs.15,000 pm; DA Rs 1,200 pm, EA Rs.2, 500, HRA Rs.2,500 pm (Rent paid Rs.
3,000pm). He is covered under gratuity act and receives Rs.1,00,000, No of year of
service is 26 years and 10 months. Compute taxable salary.

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Calculation Taxable Leave Encashment

Assessee: AY: 2023-2024

PY: 2022-2023
Actual leave Encashment ---
Received
Less: Least Exempt
(i) Actual leave Encashment ----
Received
(ii)Avg. salary for last 10 months ----
X 10 months
(iii)Avg. Salary X No. of Months ----
Leave Due
(iv)Maximum limit 3,00,000
Least of the Above is Exempt ---
TAXABLE EL ----
Salary: BP+DA(E)+DP+ Fixed %on Turnover
achieved(Sales)
Leave at the credit: 30 days p.a. for one completed
year of service or actual entitled whichever is less
(ignores any fractions).
Leave at the credit / leave due = No. of years of
service – Leave already en-cashed or leave
availed.
Note: Employees of local authority, statutory
corporation &public sector undertaking are not
regarded as government employees.

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Problems on Taxable Leave Salary

1. Mr. Som retired on 1-7-2021 after serving 18 years of services and receives Rs. 75,000 as
amount of leave encashment for 12 months his employers allows 45 days of leave for every
one year of service. During his service he has already en-cashed leave for 12 months.
Calculate the taxable amount of leave salary when his average salary is Rs. 5,000pm.

2. Mr. Rex, an employee of BBMP retired on 03.02.2022 and receives Rs.1 lakh towards leave
encashment. His average salary for 10 months is Rs. 10,000. Calculate taxable leave salary.

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3. From the following calculate taxable amount of leave encashment

Name of the employee: Mr. Sunil
Name of the employer: ITC company Ltd
Leave salary received: Rs.4 lakh
Salary at the time of retirement: Rs. 14,000pm
Duration of service: 23 years, 8 months Leave availed: 4 months
Leave entitled for every year of service: 40 days

4. Mr. Prathap was a manager in a company. He retired from service on 01.11.21 after
completing 20 years of service. He was getting Rs.2000pm from 01.08.2019, Rs 3500pm up to
his retirement. DA (E): Rs.600pm, He had 7 months earned leave to his credit. On the basis of
30 days leave for 1 year. Actual leave salary is Rs.28,300. Calculate taxable salary.

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Assessee: (Pension) AY:2023-2024

PY: 2022-2023
In Not in
receipt receipt of
of Gratuity
Gratuity
Actual commuted value of --- ---
pension

Less: Least Exempt

(i) Actual commuted value of ---- ---
pension Received
(ii) 1/3 rd of full value of ---- NIL
commuted Pension or
½ of full value of commuted NIL ----
pension
Least of the Above is Exempt --- ---
TAXABLE --- ----
Full value of commuted pension
{Pension commuted X100 ÷ %of pension
commutedX1/3 or ½}
Disability Pension given to armed forces Personnel is
fully exempt

Problems

1. Mr. Bharat was working in a Pvt. Ltd. Who receives a pension of 600pm. He
commuted 67% of his pension and receives 30,000. Commute taxable pension if: i)
He is in receipt of gratuity and ii) Not in receipt of gratuity.

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2. Mr. Joseph retires from HAL on 30.06.22 he gets 2,000 pm as pension up to

31.01.2023. With effect from 1.02.2023 he gets 60% pension commuted for 40,800.
Commute taxable pension for AY 2023-2024. Does it make any difference if he is
receives gratuity.

3. Ms. Sultana retires from BB Pvt co ltd on June 30th, 2022. She is paid a pension of
8,000 pm. She commutes 2/3rd of his pension on Dec1, 2017 and received
4,50,000 as commuted pension for the AY 2023-2024

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SPF (1925) RPF URPF

Employer and Employer and Employer and
Contribution
Employee Employee Employee
Employer In excess of 12% Not taxable at
Not Taxable
contribution is taxable contribution
Employees
In excess of 9.5% contribution taxable
Interest Fully Exempt
is taxable under Income from
other source
Taxable on
Amt at Exempt to cerain employer’s
Exempt
Retirement Limit contribution under
profit in lieu salary
Employee’s Exempt u/sec
80C Not qualified
contribution 80C
Assessee: AY: 2023-2024
PY: 2022-2023
Employer contribution to PF ---
Less: 12% of Salary exempted ---
TAXABLE RPF ----
Interest credited to RPF ----
Less : {Interest amount ÷rate of ----
interest (if exceeding 9.5%)} X9.5

TAXABLE INTEREST RPF ---

Salary: BP+DA(E)+DP+ Fixed %on Turnover achieved(Sales)

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Calculation Taxable PF
Problems on RPF

1. Calculate the taxable amount of RPF from the following information:

BP Rs. 10,000pm, commission 10% on sales ( 500,000), Employer’s contribution to
RPF at 15% of salary; Interest credited during the year to RPF at 14% is 50,000/-.

2. Ms. Laila gives you the following information and asks to assess her taxable salary:

Basic salary 5,000pm, DA (350 e) 750pm, Advance salary 10,000 and

Employer contribution 1,000p.m.

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3. Mr. Raghu is an employee posted at Chennai. Following are the details of his salary
BP 8,000pm, Bonus 12,000, DA 4,000 pm (40% e), commission on sales at 4%
on 6,00,000, both employee and employer contribution is 15% towards PF; interest
credited during the year at 12% being 6,000, PT paid by Raghu is 150 pm.
Calculate Taxable Salary.

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ALLOWANCE EXEMPT TO CERTAIN LIMIT [Sec.10 (14)]

Maximum
Nature of Allowance Place
Amount
I. Specified places of Manipur,
Arunachal Pradesh, Sikkim,
Special Compensatory allowance Rs.800 p.m.
Uttar Pradesh, Himachal Pradesh
in the nature of (Hilly Areas and Jammu & Kashmir.
Allowance] or High Altitude
1 Allowance or Uncongenial Climate II. Siachen area of Jammu &
Rs. 7,000 p.m.
Allowance or Snow Bound Area Kashmir.
Allowance or Avalanche
Allowance ( a mass of snow, ice, III. All places located at a height
and rocks falling rapidly down a of 1,000 mete` or more above the
mountainside) sea level
Rs.300 p.m.
More & above the sea level, other
than places specified at (I) and (II)
above.
I. Specified places in Andaman
and Nicobar, Lakshadweep,
Rs. 1,300 p.m.
Himachal Pradesh, Mizoram,
J&K, U.P. and Sikkim.
II. Continental Shelf of India and
the Exclusive Economic Zone of Rs.,1,000 p.m.
2 India.
Any Special Compensatory III. Specified places in Arunachal
Allowance in the nature of Border Pradesh, Nagaland, South
Rs.1050 p.m.
Area Allowance or Remote Area Andaman, Mizoram, Tripura,
Allowance or Difficult Area J&K and Himachal Pradesh.
Allowance or Disturbed Area
Allowance. IV. Specified places in Mizoram,
Tripura, Manipur, Himachal Rs.750 p.m.
Pradesh, J&K.
V. Jog Falls in Shimoga District
Rs.300 p.m.
of Karnataka.

VI. Specified Places in Himachal

Rs.200 p.m.
Pradesh, Assam and Meghalaya.

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Special Compensatory (Tribal Madhya Pradesh, Tamil Nadu,

3 Areas/Scheduled Areas/Agency U.P., Karnataka, Tripura, Assam, Rs.200 p.m.
Areas) Allowance West Bengal, Bihar, Orissa.
Any Running allowance granted to
an employee working in any
transport system to meet his 70% of such
personal expenditure during his Allowance or
4 duty performed in the course of Whole of India Rs.10,000 PM
running of such transport from (whichever is
one place to another place : less).
Provided that such employee is
not in receipt of daily allowance.
Rs.100 p.m.
per child for a
5. Children Education Allowance Whole of India
max. Of two
children.
Rs.300 p.m.
Any allowance granted to an
Per child for a
employee to meet the hostel Whole of India
6. maximum of
expenditure on his child.
two children.
Specified areas in Arunachal
Pradesh, Sikkim, Himachal
Compensatory Field Area
7. Pradesh, U.P., J & K, and Rs.2,600 p.m.
Allowance
throughout Manipur and
Nagaland.
Specified areas in Punjab,
Rajasthan, Haryana, Himachal
Compensatory Modified Field Pradesh, Arunachal Pradesh,
8 Rs.1,000 p.m.
Area Allow- Assam, Sikkim, West Bengal,
U.P., J & K, and throughout
Mizoram and Tripura.
Transport allowance for
specified handicapped
employees – with effect from
9. assessment year 2019-2020, the Whole of India Rs.3,200 pm
exemption regarding transport
allowance has been discontinued
for normal employees. However,

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the exemption shall continue to

be allowed at Rs. 3,200 Pm to
employee who are blind/deaf or
dumb or orthopedically
handicapped or disability of
lower extremities.

Underground Allowance granted

to an employee who is working in
10 Whole of India Rs. 800pm
uncongenial, unnatural climate in
underground [coal] mines.
Any special allowance in the
nature of high altitude (a) For altitude of 9000 to Rs.1060 p.m.
(uncongenial climate) allowance 15000 feet
11
granted to the member of the
armed forces operating in high (b) For altitude above 15000 feet Rs.1,600 p.m.
altitude areas.
Any special allowance, In the
nature of counter insurgency
allowance given to the members
of the armed forces operated in Rs.3.900 p.m.
12 Whole of India
areas away from their
permanent location for a period
of more than 30 days shall be
exempted up to Rs. 3,900 PM
Any special allowance granted
to the member of the armed forces Andaman & Nicobar and
13 Rs.3,250 pm
in the nature of island (duty) Lakshadweep Group of Islands,
allowance.
Allowance in
lieu of rent-free
accommodation
Allowances to High Court and paid to High
14 Whole of India
Supreme Court Judges Court judges
and Supreme
Court Judges
fully exempt.

15 Allowances to UNO Employees Whole of India Fully exempt.

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a) Dearness Allowance / Additional D.A., (b) City

Compensation Allowances (CCA), (c) Capital
Compensatory Allowance, (d) Lunch Allowance,
(e) Tiffin Allowance, (f) Marriage / Family
Allowance, (f) Overtime Allowance, (h) Fixed Medical
Allowance & (i) Electricity and Water Allowance (j)
Deputation allowance (k) Wardenship allowance l)
Entertainment allowance for non-government employees
Fully taxable allowances m) Transport allowance for normal employee (W.e.f AY
16
2019-2020), Allowance to chairman/Retired chairman,
member or retired member of UPSC (w.e.f AY 2021-
2022)

Note: The exemption regarding transport allowance

has been discontinued for normal employees.
However the exemption shall continue to be allowed
for blind / deaf at Rs. 3,200 PM

House Rent Allowance sec 10(13A) & Entertainment Allowance sec 16(ii)

House Rent Allowance Entertainment Allowance

Assessee: (Govt. Employees of state or central but excluding

PY:2022-2023 AY: 2023-2024 employees of statutory corporation& local
authority/public sector)
Actual HRA received ----
Less: Least is Exempt 10(13A) Assessee: AY: 2023-2024
PY: 2022-2023
i. Actual HRA Received ---
Actual EA received ----
ii. 50% of salary if in Metro Cities (C, ---
M, K and D)
Less: Least is Exempt
OR
i. Actual EA Received ---
ii. 40% of salary in case of Other
th
places ii. 1/5 of Basic salary ---

iii. Rent Paid – 10% of Salary ---

iii. Maximum Limit Rs.5,000
Least of the above ----
Least of the above ----
Taxable HRA ----
Salary: BP+DA(If enters)+ Fixed %on Turnover Taxable EA ------
achieved(Sales)
Metro cities : Chennai, Mumbai, Kolkata & Delhi

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1. Mr. Prashanth is an employee of AP Govt. at Hyderabad. He gives the following

information for the P.Y.2022-2023
a) Basic salary Rs. 8000p.m.
b) Dearness allowance Rs. 6000p.m. (Rs. 1000p.m. enters into retirement benefits)
c) Family allowance Rs. 600p.m.
d) City compensatory allowances Rs 800p.m.
e) Education allowance for 2 children at Rs. 350p.m. per child.
f) Entertainment allowances Rs. 750p.m.
g) House rent allowance 1600p.m., but he pays RS. 3000p.m. as actual rent.
h) Conveyance allowance of Rs. 8000 for visiting the branches (fully spent).
i) He and the company contribute 14% of salary towards the S.P.F.
j) Interest on S.P.F. was Rs. 15,000 at 15% P.A.

Compute income from salary for previous year 2021-2022 (A.Y. 2023-2024)

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2. Ms. Bendre resides in Kolkata. During the PY she gets Rs. 12,000p.a. As basic salary.
She gets DA at 20% of basic salary (enters for retirement benefits). She has also
received a commission of Rs. 15,000 (calculated at 2% on turnover achieved by her).
HRA received by her is RS. 11,800p.a. but rent paid is Rs. 14,800p.a. Calculate the
taxable HRA for the Previous year 2022-2023 (AY 2023-2024)

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PERQUISITES SEC 17(2)

Perquisite is a gain or profit incidentally made from employment in addition to

regular salary or wages.

• Value of Rent Free Accommodation given by the Employer. [ sec17 (2) (i)]
• Value of Accommodation given at concessional rate. [ sec17 (2) (ii)]
• Value of benefit given free of cost or at concessional rate to a Specified
Employee.
• Director of the Company; or
• A person who has substantial interest in the affairs of the company ( does
not holds less than 20% of the voting power of the company ; or
• Monetary Salary in excess of Rs.50, 000: His income under the head Salaries,
[from any Employer including a Company] excluding non-monetary payments
exceeds Rs.50,000. For the above purpose, Salary should be calculated after
making the deductions towards - (a) Entertainment Allowance, and (b)
Professional Tax.

PERQUISITES SEC 17(2)

Tax free perquisite Taxable for Taxable perquisite for all employees
specified employees
(Obligation
perquisites)
Provision of Specified (1) Value of rent free accommodation
medical facilities: employee17(2)(iii): provided to the assessee by his employer
[sec 17(2)(i)]
Free medical (a) Who is a
facility or Director of the (2) Value of any accommodation
reimbursement of Company ; or provided to the assessee by his employer,
medical at a concessional rent [Sec. 17(2)(ii)]
expenditure: (b) Who has
Exemption under substantial interest in 3. Free Meals during office hours
this section shall be the affairs of the
allowed for company i.e. he Actual cost to the Less: Amount
treatment of self, holds at least 20% of Employer but not recovered from
wife, children the voting power taxable up to the Employee
(children may be (equity shares) in the Rs.50/- per meal
dependent or company : or or tea or snacks.
independent, Note: if cost per meal exceeds Rs. 50
married or (c) His monetary
then excess shall be taxable as perk
unmarried) salary is more than
for the employee
parents, brothers Rs.50,000 p.a.
or sisters (who are

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mainly dependent Monetary Salary

upon him). With Includes : 4. Any obligation of employee paid by
effect from employer.
assessment year 1. Basic Pay 5. Ay amount of life insurance premium
2019-2020, the 2. DA / DP / ADA paid by employer on the life of employee
exemption 3. Bonus , during the previous year
regarding medical Commission, Fees 6. Value of specified security or sweat
re-imbursement and all taxable equity share allotted or transferred
has been allowances or 7. Contribution to approved
discontinued when taxable portion of superannuation fund of the employee in
treatment is taken allowance. excess of Rs. 1,50,000
from a 4. Any perquisites
private/unapproved received in cash or
hospital, nursing in monetary from.
home etc. and 5. Gratuity, Pension,
hence medical re- Leave Salary but
imbursement by arrears of salary and
employer will be salary received in
treated as a advance is to be
perquisite and will excluded
be taxable. But if 6. In case employee
medical treatment is working
is taken from a simultaneously with
government more than one
hospital and employer, salary
medical bills for the form all the
same are re- employer is to be
imbursed by included
employer, such re- 7. Monetary annual
imbursement shall salary income Rs.
be exempted 50,000 shall be
calculated after
Medical facility in allowing deductions
employer hospital u/s 16(i) & 16 (ii)
& in government
hospitals- fully
exempt

If treatment is taken
from a hospital
maintained by
central, state govt,
local authority or

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even a private
hospital if approved
or recommended by Educational facility
the government for in a school or
the purposes of college maintained
medical treatment of by employer
its employees – fully (Employer’s
exempted institute). In case
school, college, etc.
is run or
maintained by the
employer and free
educational
facilities are given
to the children of
employee or any
other member of
his household, the
valuation of this
perk is to be
calculated as
under:

i. free educational
facilities to
employee’s own
children:

a. Where the cost of

education in that
school or college or
in a similar type of
institution in or
near the locality
does not exceed Rs.
1,000 pm the
taxable value of
perk shall be taken
as nil

b. where the cost of

education exceeds
Rs. 1,000 pm the

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taxable value of
perks shall be the
cost to the
employer (-) any
amount paid by the
employee or
recovered from the
employee

ii) Free educational

facilities to any
member / members
of employees’
household : taxable
value of the perk
shall be its cost to
the employers (-)
any amount paid
by the employee or
recovered from the
employee
Tea or Snacks Domestic servant is 8. Gift: gift in kind is taxed if exceeds
provided during appointed by Rs. 5,000 and gift in cash or
working hours. employee but salary cheques are taxable.
is paid by the
employer. Actual
amount paid by
employer – amt
collected by
employee =
Taxable
Free Meals Domestic servants= 9. Credit card / club expenditure :
provided during watchman,
working hours in a Gardner, sweeper, Expenditure incurred by ----
remote area or an any personal employer for card used by
off-shore attendant , cook employee
installation. Less: official purpose ---
expenditure
Less: amount recovered from --
employee
Taxable value

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Perquisites allowed Supply of gas, 10. Use of movable assets (except

outside India by electricity or water laptops & computers)
Government to a :
Citizen of India for 10% cost or amount paid or ----
rendering service 1. If supplied charged by employer
outside India. from own source Less: amount recovered from --
Interest-free / cost per unit employee
concessional loan of incurred in Taxable value ---
an amount not manufacturing
exceeding the same by the
Rs.20,000. employer (-)
amount collected
from employee.

Computer / Laptop 2. If supplied 11. Interest free loan / concessional

given (not from outside loan ( more than Rs. 20,000)
transferred) to an agency : actual
Employee for amount paid (-) Interest as per SBI as on 1-4- ----
official / personal amount collected 2012(int. calculated on
use. from employee = maximum monthly outstanding
taxable perquisite balance )
Telephone or Less: interest paid by the --
cellular service employee
exclusively for Taxable value ---
official use, free Note : if the loan amount does not
education, training exceed 20,000 interest is fully exempted
or refresher course
for employees
Rent-free Furnished Transport facility 12. Motor car provided by employer
Residence (including provided to to employee
maintenance thereof) employee : actual
provided to an expenses shall be a. Car is owned/hired by
Official of taxable (excluding employer
Parliament, a Union privilege passes and i. For official use fully exempt
Minister or a Leader tickets to railway, ii. For private use =actual
of Opposition in air India & Indian expenditure (including maintenance
Parliament & to airlines employees ,running ,repairs, wear & tear
judges of High court is not taxable) expenses (10%dep), driver salary and
or Supreme court hire charges (if taken on hire))

b. Car partly used for official &private

use : (completed month & ignore if any

27
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

fractions)

TAX FREE PERQUISITE Expenses Small car Big car

are met byUp to above
Conveyance facility provided to High 1.6litres or 1.6litres or
Court Judges u/s 22B of the High Court 1,600cc 1,600cc
Judges (Conditions of Service) Act, 1954 The 1,800 p.m. 2,400 p.m.
and Supreme Court Judges u/s 23A of the employer + 900p.m. + 900p.m.
Supreme Court Judges (Conditions of (driver (driver
Service) Act, 1958. salary) salary)
The 600 p.m. + 900 p.m. +
employee 900p.m. 900p.m.
(driver (driver
salary) salary)
Accommodation provided in a 'remote c. Car owned by employee
area' to an Employee working at a
mining site or an onshore oil exploration 1. When expenses are met /reimbursed
site, or project execution site, or by the employer
accommodation provided in an offshore
site of similar nature. a. Car used for official =fully exempt
b. Car used for private purpose

Actual expenditure – Amount received

from employee= taxable value
Accommodation provided on transfer of 2. Car used partly for official and
Employee in a hotel for not exceeding 15 personal :
days in aggregate.
Actual expenditure (-)amount based on
the cc of the car ((i.e. 1,800 or 2,400)+
900pm)(-) amount received from
employee= taxable value
Tax on Perquisite paid by Employer 3. When expenses are met by the
[Sec.10 (10CC)] PT /ET Paid by the employee = fully exempt
employer.
Family includes: Spouse, Children
(whether dependent or independent) and
Parents, Brothers and Sisters wholly
dependent on the Employee.
Leave Travel Assistance [Sec. 10(5)]
Leave Travel Assistance (LTA) may be
provided by the Employer to the
Employee and his family -

28
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

(a) In connection with his proceeding on

leave to any place in India, while in
service.

(b) Proceeding to any place in India after

retirement or termination from Service.

Family: (a) Spouse and Children of the

Individual, and (b) Parents, Brothers and
Sisters of the Individual or any of them,
wholly or mainly dependent on the
Individual.
(a) An Individual can avail the benefit of
LTA offered by his Employer, twice in a
block of four yeaRs. (c) If an Individual
has not availed the benefit twice in a
block of 4 years, the first LTA availed in
the next 4 year block can be taken for the
previous block.(d) This exemption is
available only for two children of an
individual born after 1.10.1998. There is
no restriction for children born before
01.10.1998, and also in case of multiple
births after one child.

Value of Rent Free Accommodation given by the Employer. [ sec17 (2) (i)]

Value of Accommodation given at concessional rate. [ sec17 (2) (ii)]

Value of benefit given free of cost or at concessional rate to a Specified

Employee.

29
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

Owned by employer Lease or Rent

Population Population Any other place
exceeding between 10 lakhs where Population
25lakhs to 25 lakhs is up to 10 lakhs
Value of 15% of 10% of salary 7.5% of salary Actual amount of
RFA(unfurnished ) salary lease rent paid or
15% of salary
whichever is less.
Accommodation in
hotel 24%of salary
or actual charges
whichever is low
ADD: 10% of ----- ----- ----- ----
original cost of
the assets
Add: Hire --- --- -- --
Charges

( actual)
Less: Rent paid --- --- --- ---
by the Employee
Value of Rent
free furnished
accommodation
BP + DA (e)+ Commission+ Bonus+ Fees+ Leave Encashment (Current
year)+ All taxable allowance (i.e. Taxable Amount)
SALARY
Salary excludes Other D.A, Employer's contribution to PF, Exempted Allowances, Value
of Perks specifically excluded
Furniture TV, Refrigerator, AC and other home appliances.
If period does not exceed 15 days ; or
Hotel
accommodation
Provided on the transfer of the employee from one place to another.
Not Taxable
Conditions for If RFA located in a remote area(i.e. 40 K.M. away from city limits and
RFA Exempt population should not exceed 20,000 as per census) at mining site or
project execution site or in offshore area (no limit regard to distance)

30
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

Hotel 24%of salary or Actual rent paid by employer WEL shall be taxable
accommodation
Taxable

RFA FOR GOVERNMENT EMPLOYEES

License fees or Rent fixed by the government

Add: 10% of cost of house appliances owned by
employer Or Higher charges of house appliances
hired by employer
Less: any amount recovered from employee
Value of RFA / Concessional Rent

1. Following are the particulars furnished by Mr. Binoy, a resident of India for the
previous year 2022-2023. Net salary Rs. 1,74,000 after deduction of a) Contribution to
RPF Rs. 16,800 (both), b) Income Tax Rs.20,000, c) Hosing loan installment
Rs.12,000, other components of salary are: d) Interest on RPF (Accumulated balance
Rs.1,50,000) Rs.15,000, e) HRA Rs. 24,000 (rent paid Rs. 50,000 at Chennai), f)
conveyance allowance Rs. 1,000 p.m.(60% spent for official purpose), g) EA Rs. 500
pm, h) Education allowance for 3 children for Rs. 48,000, i) Transport allowance Rs.
8,000, j) Hostel for 3 children for Rs.20,000, k) Employment tax paid by the employer
Rs.300 p.m. and paid by Binoy 200 p.m. Compute Taxable Salary for the previous year
2022-2023 (Assessment year 2023-2024)

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INCOME TAX –I AY-23-24, PY-22-23

32
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

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FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

2. Mr. Soman is an employee in Sugal & co pvt. ltd, Bangalore. Drawing a basic salary of
Rs. 20,000 p.m., DA at Rs. 8,000(80%) p.m., commission at Rs.10,000 pa, Bonus
Rs.8,000, Fixed medical allowance Rs. 500 p.m. he is provided with a rent free
furnished house which is owned by the employer. The cost of furnishing Rs. 1, 10,000
and the cost of the A/C provided is Rs. 50,000. Compute the taxable salary of
Mr.Soman.

34
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

3. Mr. Anand is the employee of G co at Mysore draws Rs.6,500 p.m. Salary, along with
the following allowance and perquisites a) DA 10% of basic (60% e), b) conveyance
allowances. Rs.500 p.m. (40% official & 25% for personal), c) EA Rs.700 p.m. d) he
was provided with facility of RFA for which employer paid rent of Rs.4,000 p.m. the
employee is asked to pay 300 p.m. as rent for the accommodation. Compute income
from salary for the Previous year 2022-2023 (AY 2023-2024)

35
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

36
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

4. Shree.Bhim is offered an employment by a Pvt co. at a BP of Rs. 5,000 p.m., DA

Rs.1,000 p.m. (e). Bonus Rs.10,000, CCA Rs.300 p.m. The company gives Shree.
Bhim an option to take RFA (Unfurnished) in Bangalore for which the company would
pay rent of Rs. 1,500 p.m. or to accept HRA of Rs.1, 500 p.m. and to find own
accommodation. Shree.Bhim decided to accept HRA and takes a house at Bangalore at
Rs.1, 200 p.m. has he made a wise choice from the IT point of view.

37
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

Assessee: AY: 2023-2024

PY: 2022-2023
Particulars Rs. Rs Rs. Rs
CALCULATION OF INCOME FROM SALARY
Basic Pay
Advance Salary
Arrears Salary
Commission
Leave salary of current previous year
Any fees
Bonus
SPF + Interest Exempt
RPF
i. Employer contribution to
RPF in excess of 12% of Salary (BP+DA(e)+% of
Commission on sales)
ii. Interest on RPF in excess of 9.5%
Allowances U/S 17(3)
FULLY TAXABLE ALLOWANCES
DA
Under the terms of Employment (Enters)
Not Under the terms of Employment (does not enters)
CCA
Entertainment allowance
Additional D.A
Capital Compensatory Allowance
Lunch Allowance,
Tiffin Allowance
Marriage / Family Allowance
Overtime Allowance
Fixed Medical Allowance
Electricity and Water Allowance
TAXABLE ALLOWANCES SUBJECT TO
ACTUAL EXPENSES INCURRED Under Section
10(14)(i))
Allowance granted to meet cost of travel on tour or on ---
transfer.
Less: Amount spent for official purpose ---- ----

Allowance granted on tour or journey in connection with ----

transfer to meet the daily charges incurred by the
38
employee
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

Less: Amount spent for official purpose ---- ----

Allowance granted to meet conveyance expenses ----

incurred in performance of duty, provided no free
conveyance is provided.
Less: Amount spent for official purpose ---- ----

Allowance granted to meet expenses incurred on a ----

helper engaged for performance of official duty.
Less: Amount spent for official purpose ---- ----

Academic, research or training allowance granted in ---

Educational or research institutions.
Less: Amount spent for official purpose ---- ----

Allowance granted to meet expenditure on ---

purchase/maintenance of uniform for performance of
official duty.
Less: Amount spent for official purpose ---- ----

ALLOWANCE EXEMPT TO CERTAIN LIMIT

[Sec.10 (14)]
Specified places of Manipur, Arunachal, Pradesh,
Sikkim,
Uttar Pradesh, Himachal Pradesh and Jammu &
Kashmir (MAX Rs.800 p.m.)
Siachen area of Jammu & Kashmir.( MAX Rs 7,000
p.m.)
Children Education Allowance (100 p.m. per
child for a max. of two children.)
Any allowance granted to an employee to meet the
hostel expenditure on his child. (300 p.m. Per
child for a maximum of two children.)
Transport allowance granted to an employee to meet
his expenditure for the purpose of commuting between
the
Place of his residence and the place of his duty.
(MAX 8,00pm)
Transport allowance granted to an employee, who is
blind
or orthopedically handicapped with disability of
lower extremities to meet his expenditure for the purpose
of commuting between the place of his residence and

39
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

the place of his duty. (1,600 p.m.)

Underground Allowance granted to an employee
who is working in uncongenial, unnatural climate in
underground
[Coal] mines. (800pm max)
Actual HRA received -----
Less: Least is Exempt 10(13A) =----
.i Actual HRA Received
ii. 50% of salary(BP+DA(If enters)+ Fixed %on
Turnover achieved(Sales)), if in Metro Cities (C, M, K
and D)
OR -----
ii. 40% of salary (BP+DA(If enters)+ Fixed %on
Turnover achieved(Sales)) in case of Other places
iii. Rent Paid – 10% of Salary ----- ----
Taxable HRA ----
PERQUISITES U/S 17(2)
Tax free perquisites
Medical facility in employer hospital or in fully
government hospitals(central government, state exempt
government, Semi government & Local authority)
Tea or Snacks provided during working houRs. fully
exempt
Free Meals provided during working hours in a Fully
remote area or an off-shore installation. Exempt
Perquisites allowed outside India by Government to a Fully
Citizen of India for rendering service outside India. Exempt
Interest-free / concessional loan of an amount not Fully
exceeding Rs.20, 000. Exempt
Computer / Laptop given (not transferred) to an Fully
Employee for official / personal use. Exempt
Telephone or cellular service exclusively for official Fully
use, free education, training or refresher course for Exempt
employees
Rent-free Furnished Residence (including Fully
maintenance thereof) provided to an Official of Exempt
Parliament, a Union Minister or a Leader of
Opposition in Parliament & judges of High court or
Supreme court
Accommodation provided in a 'remote area' to an Fully
Employee working at a mining site or an onshore oil Exempt
exploration site, or project execution site, or

40
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

accommodation provided in an offshore site of similar

nature.
Accommodation provided on transfer of Employee in Fully
a hotel for not exceeding 15 days in aggregate. Exempt
Leave Travel Assistance [Sec. 10(5)] (Employee Fully
and his family - In connection with his proceeding on Exempt
leave to any place in India) (Family: (a) Spouse and
Children of the Individual, and (b) Parents, Brothers
and Sisters of the Individual or any of them, wholly or
mainly dependent on the Individual.)
Educational facility to house hold members of
family
If it is owned by the employer 1,000p.
(no limit for max number of children) m per
child is
exempt
Less: Amount recovered from employee ------- ------
If Educational institution is not owned by employer Actual
Fees
Free Meals during office hours
Actual cost to the Employer ----
Less : Exempt up to Rs.50/- per meal ---
Less: Amount recovered from the Employee --- ---
Domestic servant is appointed by employee but salary is ------
paid by the employer.
Actual amount paid by employer
Less: Amt collected by employee ---- -----
Domestic servants(watchman, Gardner, sweeper, any
personal attendant , cook)
Actual amount paid by employer ------
Less: Amt collected by employee ---- -----
Supply of gas, electricity or water
If supplied from own source

Cost per unit incurred in manufacturing the same by ----

the employer
(-) amount collected from employee. ----- ------
If supplied from outside agency
Actual amount paid -----
(-) amount collected from employee ----- -----
Transport facility

41
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

provided to employee : actual expenses shall be taxable

(excluding privilege passes and tickets to railway, air
India & Indian airlines employees is not taxable) ------
Value of RFA
Owned by employer (As per 2001 census)
Population exceeding 25lakhs ( salary: BP + DA (e)+ 15% of
Commission+ Bonus+ Fees+ Leave Encashment salary
(Current year) + All taxable allowance (i.e.
Taxable Amount)
Population between 10lakhs to 25lakhs 10% of
salary
Any other place 7.5% of
salary
Lease or Rent (Actual amount of lease rent paid or 15% -----
of salary whichever is less.)
ADD: 10% of original cost of the asset or Add: Hire -----
Charges
Value of RFA furnished ( Non – Govet Employees) -----
Less: Rent paid by the Employee -----
Value of Rent free furnished accommodation / -----
concessional accommodation
Value of RFA Center or State Government to
employees
License fee determined by the Central Government or -----
any State Government in respect of accommodation in
accordance with the rules framed by such Government
or Actual Rent Paid
ADD: 10% of original cost of the asset or Add: ----
Hire Charges
Less: Rent actually paid by the employee. ----
Taxable Value of RFA Center or State Government ----
to employees
Accommodation in hotel ----
24%of salary or actual charges whichever is low
Less: Rent paid by the Employee ---- -----
Any obligation of employee paid by the employer -----
Life insurance premium & Income tax of employee
Gift ----
Gift in kind in excess of Rs. 5,000
Less: exempt up to 5,000
Taxable Gift ----

42
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

And gift in cash or cheques are taxable. Fully

Taxable
Credit card / club expenditure
Expenditure incurred by employer for card used by ---- ----
employee
Less: official purpose expenditure ----
Less: amount recovered from employee -----

Credit card / club expenditure Taxable value

Interest free loan / concessional loan ( more than
Rs. 20,000)
Interest as per SBI as on 1-4-2011(int. calculated on -----
maximum monthly outstanding balance )
Less: interest paid by the employee -----
Interest free loan Taxable value ----
Motor car provided by employer to employee

Car is owned/hired by employer ----

i. For official use Fully

Exempt
For private use =actual expenditure (including
maintenance ,running ,repairs, wear & tear expenses
(10%dep), driver salary and hire charges (if taken on
hire))
Car partly used for official &private use

(completed month & ignore if any fractions)

Small car Up to 1.6litres or 1,600cc
Big car above 1.6litres or 1,600cc
Expenses are met by The employee 1,800
1.6litres or 1,600cc p.m. +
900p.m.
(driver
salary)
Big car above 1.6litres or 1,600cc 2,400
p.m. +
900p.m.
(driver
salary)
CAR OWNED BY EMPLOYEE 600 p.m.
+ 900p.m.

43
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

(driver
salary)
When expenses are met /reimbursed by the 900 p.m.
employer + 900p.m.
(driver
salary)
c. Car used for official = fully
exempt
d. Car used for private purpose
(Actual expenditure – Amount received from
employee)

Car used partly for official and personal :

Actual expenditure (-)amount based on the cc of the
car (i.e. 1,800 or 2,400) (-) amount received from
employee
When expenses are met by the employee fully
exempt
Tax on PT /ET Paid by the employer.

Use of movable assets (except laptops &

computers)
10% cost or amount paid or charged by employer ----

Less: amount recovered from employee ---

Taxable value of movable assets -----
Medical Allowance to employee and his family
members in a private hospital -----
(Actual amount – 15,000)
Profit in Lieu of salary 17(4)
RETIREMENT BENEFITS
Gratuity [Section 10(10)]
Covered under Gratuity. Act( Non – govt.)
Actual Gratuity received
Less: Least is Exempt
(i) Actual Gratuity received;
(ii) 15 days/26 days x Last Drawn Salary x Number
of years of Completed Service or part thereof in excess
of six months;

44
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

(Salary: BP+DA+DP
(iii) Max.Limit 20,00,000
Taxable Gratuity
Not covered under Gratuity. Act
Actual Gratuity received ---
Less: Least is Exempt
(i) Actual Gratuity received;
(iii) ½ X Avg salary x Number of years of
Completed Service
((Salary: BP+DA(e)+DP+ Fixed % of turnover
achieved sales)
Average salary : Last 10 month salary Preceding the
month of retirement
(iii) Max.Limit 20,00,000
Taxable Gratuity Not covered
Leave Encashment ----
Actual leave Encashment Received
Less: Least Exempt
(i) Actual leave Encashment Received ---
(ii)Avg salary for last 10 months X 10 months ---
Salary from the date of retirement : BP+DA(E)+DP+
Fixed %on Turnover achieved(Sales) ÷10
(iii)Avg. Salary X No. of Months Leave Due ----
Leave at the credit: 30 days p.a. for one completed
year of service or actual entitled whichever is less
(ignores any fractions).
Leave at the credit / leave due = No. of years of
service –
Leave already en-cashed or leave availed.
(iv)Maximum limit 3,00,000 ----
Taxable Leave Encashment
Pension
In receipt of Gratuity ----
Actual commuted value of pension ----
Less: Least Exempt
(i) Actual commuted value of pension Received ---
(ii) 1/3 rd X {Pension commuted X100 ÷ %of pension --- ---
commuted}
Taxable commuted value of pension
Not in receipt of Gratuity
Actual commuted value of pension ---- ---
Less: Least Exempt

45
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

(i) Actual commuted value of pension Received ---

(ii) 1/2 rd X {Pension commuted X100 ÷ %of pension --- ---
commuted}
Taxable commuted value of pension
Pension – Un commuted
GROSS SALARY ---
LESS: Deduction u/s 16 ----
ii. Entertainment Allowance -----
(only for Government employees) (excluding
employees of statutory corporation& local
authority/public sector)
Less: Least is Exempt
a. . Actual EA Received ---
th
b. 1/5 of Basic salary/ BP ---
c. Maximum Limit 5,000
Least of the above ----

iii. Employment Tax / ---

Professional Tax
INCOME FROM SALARY ----
Income From HP (Let out )
GROSS ANNUAL VALUE (GAV) ----
Less : Municipal Tax ----
NET ANNUAL VALUE ---
Less: Deduction Under Section 24
----
a. 30% NAV

b. Interest on Loan
---
i. Pre- construction period
---- ----
ii. Previous Year Interest
-----
INCOME FROM LET OUT / DEEMED HOUSE

PROPERTY

Loss From (SOP )

NAV NIL

46
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

Less: Deduction Under Section 24

c. Interest on Loan
---
iii. Pre- construction period
---- ----
iv. Previous Year Interest
---
LOSS FROM SOP
---
Income from Business / Profession
----
CG- LT + STCG

IFOS ---
---
GROSS TOTAL INCOME
----
Less: Deduction under Chapter VI A or 80 C – 80

U
---
80 C: Life insurance premium
---
Employee PF
---
Repayment of Housing Loan ( but not the Interest) ----
Total Income / Taxable Income ---
Finance act

Note: Tax at Special Rate

a. Long term capital gain – 20%
b. Short term capital gain – 15% (STT)
c. Casual income – 30%
In addition to the above 4% Cess

47
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

1. Mrs. Raksha is an employee of Bank of India. She furnishes the following

information for computation of her taxable salary for the previous year 2022-2023
(Assessment year 2022-2023).
a) Basic salary RS. 12,500-500-18,000 p.m. from 1-1-2016
b) Dearness allowance @ 15% of salary.
c) Entertainment allowance, Rs. 250/-p.m., Bonus Rs. 4,000/-, Children education
allowance for her three children Rs. 200/-p.m. per child and travelling allowance
for tour RS. 15,000/- (during the year she spent RS. 14,000/- on these travels)
d) She and her family members took medical treatment in a private hospital during the
year. The bank reimbursed RS. 25,000/- regarding these expenditures.
e) The bank has provided her an accommodation by deducting Rs. 1,000/- p.m. from
her salary, but the bank is paying a rent of RS. 5,000/-p.m. to the owner of this
house. Furniture costing RS. 30,000 is also provided in this house by the bank.
f) Employee and employer contributed 15% of her salary and DA towards the SPF.
The interest credited to the P.F.A/c is RS. 3,300/- @ 10% during the year.
g) During the year the bank has paid her employment tax of RS. 2,000/-, Income tax
of RS. 8,000/-, and Health Insurance Premium of RS. 1,500/-.

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FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

49
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

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FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

2. Mr. Madhusudhan (age 45 years) is working as assistant in the Marketing

Department of T.T.k Ltd., Bangalore. His salary income details are as follows :
a) Basic salary Rs. 15,000p.m.
b) DearnessAllowance Rs. 5,000p.m.
c) Dearness pay Rs. 2,000p.m.
d) Commission RS. 45,000p.a.
e) Entertainment Allowance Rs. 700 p.m. (Rs. 6,000 spent on entertainment during
the year)
f) House rent allowance Rs. 7,500p.m. (Rent paid Rs. 9,000p.m.)

Compute taxable salary for the previous year 2022-2023 (AY 2023-2024)

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FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

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FOR PVT.CIRCULATION (JU –CMS)
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3. Following details are furnished by Remo an Indian citizen for the year ended 31-
3-2022
a. Salary (net of tax, rent of house provided by employer and R’s contribution to
provident fund) Rs. 2,48,000
b. R’s contribution to provident fund Rs. 40,000
c. Employer’s contribution to provident fund Rs.40,000
d. Rent of residential house provided by employer and deducted out of salary Rs.
9,600
e. Professional tax deducted at source Rs. 2,400
f. Interest credited to provident fund at 8.75% per annum Rs. 44,000
g. Leave travel allowance received Rs. 7,800
h. Rent free house provided to employee (Rent paid by employer for house in
Hyderabad (population above 25 lakhs) Rs. 66,000
i. Bonus equal to one month salary
j. Remote locality allowance @ 3,000 p.m (notified to be exempted up to Rs. 200
pm)
k. Running allowance Rs. 2,000 p.m
l. Children education allowance for 3 children @ Rs. 400 p.m each (one of his son
is living in hostel)
m. Entertainment allowance Rs. 700 per month
n. Amount contributed to PPF Rs. 70,000
o. He is provided with the facility of a 18 cubic capacity car which he uses both for
private and official purposes
p. He has engaged a domestic servant @ Rs. 1,000 p.m and his salary is being paid
by his employer
q. He is provided the facility of a free lunch in the office during lunch break valued
at Rs. 100 per day for 250 days in the previous year

53
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

54
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

55
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

56
FOR PVT.CIRCULATION (JU –CMS)
INCOME TAX –I AY-23-24, PY-22-23

57
FOR PVT.CIRCULATION (JU –CMS)