Section-15 charging section
- Income is taxable under the head salary if there is Employer and Employee relationship.
- Salary is taxable for the part time like employee work with 2 employer’s simultaneously.
- Salary is taxable on the Basis of accrual or received which is earlier.
- Any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as” salary” for the purposes of this section. Income shall be taxable under Business or Professional head.
- Salary received by MP, MLA MLC shall be taxable under the head Income From Other Sources.
- Salary forgone is always taxable since is merely application of income. Salary surrender to central govt, shall not to be treated as salary.
- Any amount received before joining employment or after cessation of employment with that person is treated as Profit in lieu of salary and its taxable.
- Contact of Service >>>>>>>> Salary
- Contract for Service >>>>>>> Business or professional Income
