Foregoing: waiver of salary by an employee is called foregoing of salary. Since income under the head 'Salaries' is taxable on accruel or reciept, whichever comes earlier, the entire amount foregone will be taxable in the hands of employee. Eg: an employee directs his employer to give his salary to a charitable trust. The amound given to charitable trust is taxable in the hands of employee.
Surrender: If an employee surrender his salary to the central government under the Voulantary surrender of salaries act 1961, the tax on such amound surrenderd need not be paid.
The average salary of a florist is between $16000 and $31000 per year.
GP salary is the salary that a general practitioner makes per year. On average general practitioners make between $168,550 and $173,175 annually.
The average salary of an investment banker is between $75,000 and $150,000. Their actual salary varies based on their experience, the company they work for, and their success rate.
usually between $61,025 - $239,002
Dearness Pay is an amount where a part of allowances are treated as pay. Dearness allowance (D.A.) is part of a person's salary. D.A. is calculated as a percent of the basic salary. This amount is then added to the basic salary along with house rent allowance to get the total salary. Rates vary as per rural/urban areas etc However, for income tax purpose the above components of pay are not included if the same is not accounted for in pension and other retirement benefits employee's contribution to provident fund.
What is the difference between a salary and commission
an allowance is given a salary is earned
what is the difference between gross salary and CTC
your salary and someone else's salary
There is essentially no difference in the function of a wage or salary slip. Wages are general paid by the hour and a salary is pay that is not based on hours.
..The spelling Not really the difference is that the salary is what u get paid and income could be anything that brings money to your home
can u pls give me the difference between basic and net pay
no difference
Approximately $30,000.
GS=salary. WG=hourly.
There is a difference between an account assistant and an account' executive. The assistant is non-management and likely makes an hourly salary. An account executive is paid salary and would be over the assistant.
The basic difference is:A salary is usually paid monthly to office and management personnel.A wage is usually paid weekly to shop-floor, process workers.