Web7 May 2011 · 07 May 2011. 14,899 Views. 0 comment. For tax deducted on salaries , the employer has to issue Form 16 to the employees. The form was modified vide Notification 41/2010 dated 31.05.2010. In this form there is a reference to Form 12BB. Gross Salary Rs. (a) Salary as per provisions contained in sec.17 (1) Rs. (b) Value of perquisites u/s 17 (2 ... WebValue of perquisites under section 17(2) (as per Form No. 12BA, wherever applicable) Rs. ... (c) Profits in lieu of salary under section 17(3) (as per Form No. ... Pension as per provisions contained in clause (ii) of section 17(1) Rs. ... 2. Total amount of salary received Rs. ... 3. Less: Deductions under section 16
Form 12BA, Part B of Form 16 and Form 24Q updated for FY 2024 …
WebForm 12BA is a statement that details regarding the perquisites and other fringe benefits along with profits in lieu of an employee's salary. Perquisites, or perks as they are called, … WebValue of perquisites under section 17(2) (as per Form No. 12BA, wherever applicable) Rs. ... (c) Profits in lieu of salary under section 17(3) (as per Form No. ... Pension as per provisions contained in clause (ii) of section 17(1) Rs. ... 2. Total amount of salary received Rs. ... 3. Less: Deductions under section 16 edgemod sculpture hardwood coffee table
Income Tax (3rd Amendment) Rules, 2024 - GConnect.in
WebSection 17(1) This section defines the term salary as per the Income Tax Act and the incomes given below are considered under this subsection. Salary Advance. Wages. Gratuity. Leave encashment. Annuity. Pension. Fees. Commissions, etc. Section 17(2) Section 17(2) includes the benefits provided to an employee in kind, called prerequisites. WebForm 12BA format. To fill the form you need to mention the following details which are categories in two sections, that you can see below there. Section 1 – Name and address of the employer; TAN number; Income details; Value of the perquisites; Designations; Financial year; TDS range of the employers; Section 2 – Mention the details of each ... Web12 Jun 2024 · The income tax laws have provided for rules on valuation of various kind of perquisites. Income tax provision requires the employers to issue a separate statement … Example: Manya bought a house in July 2004 for Rs.50 lakh, and the full value of … edge modular homes