I am a manly, indian, salaried class my annual income is Rs.1.6 lac.?
since income upto 1.10 lac is exempt my harmonize 50,000 is taxable.
Our remuneration is usually directly transferred to our statement. But due to some foundation, our 2 months remuneration be rewarded by bread.
I want to know if i can hair this 2 months income adage that we be given a break & not compensated income for 2 months lately contained by instruct to diminish my tariff liability. Is this realistic? Is here any risk contained by this? Will the Income Tax population cross check this near my guard side?
Answers:
even if the remuneration is compensated surrounded by change, it is considered and mentioned contained by the Form 16 issued by employer to its personnel towards the arithmetic of total income from pay. If you invest the money, you can accumulate duty. You dont own to use un-ethical ways to escape charge bracket.
Don't hide away. You can revise the previous year return by tallying 2 months stipend.
why do most of the indians beleive in stealing taxes? i
depends if ur not caught by income tax department, do in a minute days everything is online and checking may lead to u a problem instead u can do some investment which r toll free, consult some moral duty advocate.
Its not worth the risk, if you carry caught you might hold to budge to top-security prison and unambiguously you would own to fork out more than you would enjoy save.
Don't dream to set free charge. Your employer will endow with you a small weekly call Form 16 & you will find this 2 month remuneration within it.
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Our remuneration is usually directly transferred to our statement. But due to some foundation, our 2 months remuneration be rewarded by bread.
I want to know if i can hair this 2 months income adage that we be given a break & not compensated income for 2 months lately contained by instruct to diminish my tariff liability. Is this realistic? Is here any risk contained by this? Will the Income Tax population cross check this near my guard side?
Answers:
even if the remuneration is compensated surrounded by change, it is considered and mentioned contained by the Form 16 issued by employer to its personnel towards the arithmetic of total income from pay. If you invest the money, you can accumulate duty. You dont own to use un-ethical ways to escape charge bracket.
Don't hide away. You can revise the previous year return by tallying 2 months stipend.
why do most of the indians beleive in stealing taxes? i
depends if ur not caught by income tax department, do in a minute days everything is online and checking may lead to u a problem instead u can do some investment which r toll free, consult some moral duty advocate.
Its not worth the risk, if you carry caught you might hold to budge to top-security prison and unambiguously you would own to fork out more than you would enjoy save.
Don't dream to set free charge. Your employer will endow with you a small weekly call Form 16 & you will find this 2 month remuneration within it.