PGBP Income Tax
Join this channel to get access to perks:
https://www.youtube.com/channel/UCzNDL--l1YqwUfLNkR39QZw/join
Book Link which we will refer during our studies
https://amzn.to/3WMYuDK
Components of Salary Income
Basic Salary: Fully taxable.
Allowances: Various allowances may be partially or fully taxable (e.g., House Rent Allowance (HRA), Leave Travel Allowance (LTA)).
Perquisites: Non-cash benefits like company-provided housing, car, etc., are taxed as per the rules.
Bonus & Commissions: Fully taxable as part of salary income.
Retirement Benefits: Contributions to Provident Fund (PF), Gratuity, etc., may have tax benefits.
