Format for computation of income under the head βSalariesβ
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Forwarded from COMMERCE AND ACCOUNTANCY (πHARSHITA RAICHANDANIπ)
Integrated Program on Commerce Optional-2018.
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Forwarded from COMMERCE AND ACCOUNTANCY (πHARSHITA RAICHANDANIπ)
Relevant for Paper 1.
Q.1. Suppose, Mr. Arihant, a citizen of India is posted in the China as our Ambassador. Obviously, he renders his services outside India.
He also receives his salary outside India. He is also a non-resident. The question, therefore, arises whether he can claim exemption in respect of his salary paid by the Government of India to him outside India.
Answer:-
ο Section 9(1)(iii) provides that salaries payable by the Government to a citizen of India for services outside India shall be deemed to accrue or arise in India.
ο However, by virtue of section 10(7), any allowance or perquisites paid or allowed outside India by the Government to a citizen of India for rendering services outside India will be fully exempt.
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For More details contact at @cadhan
Q.1. Suppose, Mr. Arihant, a citizen of India is posted in the China as our Ambassador. Obviously, he renders his services outside India.
He also receives his salary outside India. He is also a non-resident. The question, therefore, arises whether he can claim exemption in respect of his salary paid by the Government of India to him outside India.
Answer:-
ο Section 9(1)(iii) provides that salaries payable by the Government to a citizen of India for services outside India shall be deemed to accrue or arise in India.
ο However, by virtue of section 10(7), any allowance or perquisites paid or allowed outside India by the Government to a citizen of India for rendering services outside India will be fully exempt.
Join Soon http://civilservicegurukul.com/commerce-optional-guidance/
For More details contact at @cadhan
Civil Service Gurukul
Commerce Optional - Civil Service Gurukul
INTEGRATED GUIDANCE PROGRAM CUM TEST SERIES FOR COMMERCE AND ACCOUNTANCY OPTIONAL- UPSC 2020 Integrated Guidance Program β Program Design cum Test Series. We have divided the Read More ...
Organizational_Behaviour book_edited.pdf
1.8 MB
Organisation Behaviour Book for commerce Optional UPSC 2018- Join soon @commerceoptional
Civil Service gurukul will issue current affairs for Commerce Optional in next month. Aspirant who have joined integrated guidance program they will get current affairs booklet for Commerce Optional.
To join Integrated Guidance program Contact at @cadhananjay
To join Integrated Guidance program Contact at @cadhananjay
Most important topic for taxation of Commerce Optional.
Students must also note the following points in respect of Taxability of Gratuity:
(1) Gratuity received during the period of service is fully taxable.
(2) Where gratuity is received from 2 or more employers in the same year then aggregate amount of gratuity exempt from tax cannot exceed Rs. 10,00,000.
(3) Where gratuity is received in any earlier year from former employer and again received from another employer in a later year, the limit of Rs. 10,00,000 will be reduced by the amount of gratuity exempt earlier.
(4) The exemption in respect of gratuities would be available even if the gratuity is received by the widow, children or dependents of a deceased employee.
Join Soon http://civilservicegurukul.com/commerce-optional-guidance/
Students must also note the following points in respect of Taxability of Gratuity:
(1) Gratuity received during the period of service is fully taxable.
(2) Where gratuity is received from 2 or more employers in the same year then aggregate amount of gratuity exempt from tax cannot exceed Rs. 10,00,000.
(3) Where gratuity is received in any earlier year from former employer and again received from another employer in a later year, the limit of Rs. 10,00,000 will be reduced by the amount of gratuity exempt earlier.
(4) The exemption in respect of gratuities would be available even if the gratuity is received by the widow, children or dependents of a deceased employee.
Join Soon http://civilservicegurukul.com/commerce-optional-guidance/
Civil Service Gurukul
Commerce Optional - Civil Service Gurukul
INTEGRATED GUIDANCE PROGRAM CUM TEST SERIES FOR COMMERCE AND ACCOUNTANCY OPTIONAL- UPSC 2020 Integrated Guidance Program β Program Design cum Test Series. We have divided the Read More ...
if any person have doubts in taxation of paper 1 of Commerce Optional , Our CIvil service gurukul team will help in right manner.
Forwarded from Bharat Gurukul -CA Students (α΄
ΙͺΙ΄α΄sΚ_sΙͺα΄α΄α΄α΄Κα΄)
Methods of Job Evaluation
https://commercegurukul.wordpress.com/2017/11/11/methods-of-job-evaluation/
Methods of Job Evaluation Job evaluation is an orderly and systematic technique of determining the relative worth of the various jobs within the organisation so as to develop an equitable wage and salary structure. Job-evaluation methods are of two types 1) Non-analytical Methods/Non-Quantitative Methods: Ranking Method Job-grading Method 2) Analytical Methods/Quantitative Methods: Point Ranking MethodsContinue reading "Methods of Job Evaluation"
https://commercegurukul.wordpress.com/2017/11/11/methods-of-job-evaluation/
Methods of Job Evaluation Job evaluation is an orderly and systematic technique of determining the relative worth of the various jobs within the organisation so as to develop an equitable wage and salary structure. Job-evaluation methods are of two types 1) Non-analytical Methods/Non-Quantitative Methods: Ranking Method Job-grading Method 2) Analytical Methods/Quantitative Methods: Point Ranking MethodsContinue reading "Methods of Job Evaluation"