Salary for the purpose of provident fund, Other Topics

[umesh gupta]

valuation of basic wages for calculation of p.f.

Posts / Replies

[Surender Gupta]

See fourth schedule of the Income Tax Act, 1961 which says, "(h) "salary" includes dearness allowance, if the terms of employment so provide, but excludes all other allowances and perquisites." http://www.taxmanagementindia.com/Site-Map/Income_Tax/detail_act.asp?ID=3512&Act_ID=222