For a person earning income from Salary, documents Form 16, and Form 12 BA are provided by an employer which has details about his salary, perquisites, and tax deducted at source(TDS) by his employer. These are used while calculating Tax liability. Tax on income we looked into details of Form 16. Form 12 BA give details of Perquisites given by the employer to employee. In Perquisites, we had looked into what are perquisites, what income tax laws apply to it, about the valuation of perquisites and the taxation with an example, which perquisites are exempted from tax, Difference between Prerequisite, Allowance and Fringe benefit. In this article, we shall see how Form 12 BA shows the information about perquisites.
Showing posts with label 2500/- U/s 87A. Show all posts
Showing posts with label 2500/- U/s 87A. Show all posts
Friday, 1 June 2018
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