Monday, March 21, 2011

INCOME FROM SALARY - Notification No. 43/2010 & 69/2010

INCOME FROM SALARY

1.N/N 43/2010 - For purpose of Calculation of Exemption of Gratuity u/s10(10)
Max Limit upto23.05.2010=3.50Lacs
On or after24.05.2010=10Lacs

2.N/N 69/2010-Interest of Recognised Provident Fund- Now,Taxable Intt=Actual interest received LESS interest@8.5% w.e.f.1.9.2010

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