To my knowledge, Gross salary includes heads such as basic,
DA, special allowances, HRA, employers contribution to PF,
ESI, Gratuity and other monthly emoluments.
But CTC is Gross Salary + Bonus, Medical, LTA, and other
annual emoluments paid annually.
Gross Salary= basic+ DA+ special allowances+ HRA+CCA+ other
CTC = Gross Salary + Bonus + Medical + LTA+ other annual
emoluments paid annually
Gross salary includes Basic,DA,HRA,Medical Allowance, O.T &
all other allowances which are paid to an employee on
The deductions from the gross salary like
ESI,PF,Proffessional Tax, Loan, Salary advance etc.. is the
The annual benefits which the company provides like Bonus,
Ex gratia,Medical,LTA plus the salary what you get is the
i am a hosewife having a property,given on rent to a
company which gives a rent of @10600 per month. the total
come 126000. the company wants to deduct tds. as my income
is less than 160000.i want to know the type of form
required to produce to the company to avoid deduction of
Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?
This is related to stock transfer to branches ( Delhi &
Bangalore ) for which my branches are not able to produce
form 'F' agaisnt such branch transfer, than what is my tax
liablity. This issue is pertaining to 2006-07, 2007-08 &