lesson-5 Salary Head, Salary head basic concept in hindi and easy way/ Salary head in income tax

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Hii
today this video is based on lesson 5 of salary head in income tax
we discuss in this video at following topics on salary head like meaning of salary
important points regarding the salary head difference between salary and profession income
tax free salary
gross salary
deduction made by the employer
regarding pension
due date of the salary
family pension
pay scale grade pay
different from of the salary
basic salary
advance salary
arrears of salary
bonus
commission
commission in lieu of salary
salary in lieu of notice period
compensation for modification in term and condition of employment
overtime salary
in terms salary place of accrual of salary allowances in income tax
how many type of allowances in this income tax
Hii
Today this video is based on chapter-5 Salary head in income tax
In this video we discuss all the points regarding salary head in Income tax. Define the income from salaries. Meaning of salary in income tax point of view. How many type of deduction are in salary head and different form each head
Meaning of salary in Income tax point of view:- Salary means remuneration received by an employee form his employer against service proved by him.
Salary means any remuneration paid by an employer to his employee in consideration of his services is called salary. It includes the monetary value of those benefits and facility provided by employer which are taxable.
Define the salaries under section 15to 17
Who become an employee ? Employee means, those person who is always individual , he also part time and full time employee and he is also government and non-government employee
How many type of services provide by employee?
Physical services and these person get the wages and mental services and these person get the salary from his employer.
What is the important point regarding salaries? Some important points regarding salaries in income form salary head. Some important points regarding salaries in salary head
1) Salary:- Every kind of remuneration of every king of a servant, public or private, and however highly or lowly placed he may be, is covered under the scope of this term used in the income tax Act. There is no difference between the wages of laborers and the salaries of high officials.
2) Relationship of employer and employee:- the relationship of employer and employee must exist between the payer and the payee.
3) Salaries and proessional income:- salaries means the remuneration received by him would be taxable under the head of salaries and professional like lawyer CA doctor all person received the income which is taxable under the head of profit and gains of business or profession.
4) Receipt form a person other than an employer:-
5) Payment made after cessation of employment
6) Pension
7) Application of salary
8) Tax-free Salary:- gross salary will be included always in the salary head
9) Deduction by an employer:-
10) Salary of a member of parliament:- this is not chargeable under the head salaries as a member of parliament is not an employee of the government. The relation between him and the government is not that of a servant and master so that is taxable under the head income form other sources.
11) Salary of a partner
12) Family pension
13) Salary grade or scale of pay due date of salary


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