Tax component of tax free salary is taxable as salary u/s 195A, not income from other sources-HC
December 20, 2017
High Courts, Income Tax, Judgments
Tax component of tax free salary is taxable as salary not income from other sources under section 195A which provides for grossing up-High Court Recently Hon’ble High Court has held that tax component on tax free salary paid by the employer is part of salary and not assesseble …