Hi all,
I am a bit confused about what is considered as past earnings. Is it the
1) gross income
OR
2) taxable income
to make it clear, the gross income constitutes of various components that can be exempted from tax (Indian taxation System) eg HRA, LTA etc.
Now if one avails these benifits the taxable income is reduced .. and so is the tax.
Secondly, is bonus or performance incentive (both taxable) considered as an earning or not?
waitin for ur valuable response..
cheers,
Gill
- FAQ
- Login
- Register
- Call Workpermit.com for a paid service +44 (0)344-991-9222