{"id":15032,"date":"2019-03-29T17:47:32","date_gmt":"2019-03-29T12:17:32","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=15032"},"modified":"2022-09-06T15:11:31","modified_gmt":"2022-09-06T09:41:31","slug":"salary-income-under-income-tax-act","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/salary-income-under-income-tax-act\/","title":{"rendered":"All About Salary Income, Perquisites, and Allowances under the Income Tax Act\ufeff"},"content":{"rendered":"<h2 class=\"wp-block-heading\"><strong>What\nis Salary Income?<\/strong><\/h2>\n\n\n\n<p>Salary is the amount accrued and is payable to an individual periodically for the services rendered as per the express or implied contract between the employer and the employee. The existence of the employer-employee relationship defines the taxability of the receipt under the head &ldquo;Salaries&rdquo;.<\/p>\n\n\n\n<p><em>For\nExample:<\/em><\/p>\n\n\n\n<p><em>An amount received by a partner from a <a rel=\"noopener noreferrer\" href=\"https:\/\/enterslice.com\/partnership-firm\" target=\"_blank\"><strong>partnership firm<\/strong><\/a> for carrying out business and profession will not be treated as salary and treated under the head Salaries. It will be considered as Profits from Business or Profession.<\/em><\/p>\n\n\n\n<p><em>Also,\nSalary received from MP or MLA is taxable as Income from Other Sources not as\nIncome from Salaries. However, there is an exception if a person receives a salary\nas Minister of State or Central Government it will treat as salary and\nconsidered under the head Income from Salaries.<\/em><\/p>\n\n\n\n<p>Hope you have got a brief about what is salary, now let us move forward and learn more about salary in detail.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What\ndoes Salary include as per the law?<\/strong><\/h2>\n\n\n\n<p>Section 17(2) of the <strong>Income Tax Act,1961<sup><a href=\"https:\/\/www.incometaxindia.gov.in\/Pages\/acts\/income-tax-act.aspx\"><strong>[1]<\/strong><\/a><\/sup> <\/strong>has given an inclusive and not exhaustive definition of salary which states that Salary includes:<\/p>\n\n\n\n<ul><li>Wages<\/li><li><a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Annuity&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Annuities are a financial product that often stands at the intersection of investment and insurance. They offer individuals a unique way to manage their finances and secure their financial(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/annuity\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Annuity<\/a>\nor Pension<\/li><li>Gratuity<\/li><li>Fees\nor Commission, perquisites or profit in lieu of salary<\/li><li>Advance\nSalary<\/li><li>Any\namount transferred from unrecognized provident fund to recognized provident\nfund.<\/li><li>The\ncontribution of the employer to Recognized Provident Fund in excess of the\nprescribed limit.<\/li><li>Leave\nEncashment<\/li><li>Compensation\nas a result of variation in the service contract <\/li><li>The\ncontribution made by the Central Government on account of the notified pension\nscheme in the account of an employee<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Deduction\nunder the head Salaries:<\/strong><\/h2>\n\n\n\n<p>Deductions under the head salaries as provided under Section 16 of the <strong><a href=\"https:\/\/enterslice.com\/learning\/section-201-of-the-income-tax-act1961\/\">Income Tax Act<\/a>,1961<\/strong><\/p>\n\n\n\n<ol><li>Professional Tax which is levied by State Government<\/li><li>Entertainment Allowance: This allowance is available to all government employees to the extent of Rs.5000 or 20% of his salary or the actual amount received whichever is less.<\/li><\/ol>\n\n\n\n<p>Also,\nnote that no standard deduction is available from 01\/04\/2006. i.e. from\nA.Y.2006-2007 onwards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is a Prerequisite?<\/strong><\/h2>\n\n\n\n<p>The term perquisite states extra benefits that employees will get in addition to the normal salary to the employees. These benefits are provided to the employees free of cost or at concessional rates.<\/p>\n\n\n\n<p>As per Section 17(2) of the <a href=\"https:\/\/enterslice.com\/income-tax-return-filing\"><strong>Income Tax<\/strong><\/a> Act, 1961 &ldquo;Perquisites&rdquo; includes:<\/p>\n\n\n\n<ul><li>Value\nof rent-free or concessional rate of rental accommodation provided to the\nemployee by the employer.<\/li><li>Any\nsum paid by the employer in respect of an obligation which was actually payable\nto the employee<\/li><li>Value\nof any benefit or enmity provided free of cost or at concessional rates to the\nemployee<\/li><li>Value\nof any specified security or sweat equity shares allotted or transferred\ndirectly or indirectly by the employer or former employer to the employee\neither free of cost or at concessional rates<\/li><li>Amount\nof any contribution to an approved superannuation fund to the employee to the\nextent it exceeds one lakh rupees.<\/li><li>C\\Value\nof any fringe benefit or any other benefit as may be prescribed.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Looking\nat this perquisite few questions arise as:<\/strong><\/h2>\n\n\n\n<ul><li>Whether\nsuch perquisites are taxable?<\/li><li>If yes\nhow to do the valuation?<\/li><li>Are\nthere any exemptions available?<\/li><\/ul>\n\n\n\n<p>Let us now discuss perquisites in details regarding its taxability, valuation, and exemptions<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Taxability\nof Prerequisite:<\/strong><\/h2>\n\n\n\n<ul><li>The perquisites can be provided in cash or in-kind<\/li><li>Reimbursement of expenses on official duty is not treated as a prerequisite.<\/li><li>Prerequisites are taxable only if they are legally provided which means the benefit provided by the employer&rsquo;s sanction will be considered as a prerequisite.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Types\nof Perquisites and their valuation:<\/strong><\/h2>\n\n\n\n<p>Perquisites are basically of two types: <\/p>\n\n\n\n<ul><li>Perquisites taxable in case of all employees<\/li><li>Perquisites exempt in cases of all employees<\/li><\/ul>\n\n\n\n<p><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/enterslice.com\/learning\/salaried-need-file-income-tax-return\/\" target=\"_blank\" rel=\"noopener noreferrer\">Salaried? You need to file Income Tax Return!\n<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Following perquisites are taxable in\ncase of all employees:<\/strong><\/h2>\n\n\n\n<ul><li>Rent-free accommodation or accommodation at concessional rates subject to certain restrictions<\/li><li>Valuation of the motor car provided for personal use subject to certain restrictions<\/li><li>Specified Security or Sweat Equity Shares issued.<\/li><li>Providing a personal attendant to the employee<\/li><li>Gas, water electricity provided to the employee by the employer<\/li><li>Reimbursement of medical expenses above Rs.15000\/- in a financial year<\/li><li>Interest-free concessional loans except the loan provided for medical treatment of prescribed diseases the amount of which is exceeding Rs.20000<\/li><li>Free or concessional education facility for children of the employee only if the value of the benefit exceeds Rs.1000 per month per child.<\/li><li>Free or concessional food and non-alcoholic beverages provided above Rs. 50 per meal<\/li><li>Gift Voucher or token in lieu of such gift only the value of which exceeds Rs.5000 in aggregate during the year.<\/li><li>Travelling and accommodation facilities provided or expenses reimbursed by the employer<\/li><li>Club expenditure incurred except in the case where the membership of the club and other facilities are provided to all the employees of the organization<\/li><li>Credit Card Expenses <\/li><li>Use of movable assets other than laptop or computer<\/li><li>Transfer of movable assets in the name of the employee in relation to certain conditions.<\/li><\/ul>\n\n\n\n<p>Note:\nIn case the monetary limits are specified in case of certain expenses then up\nto the monetary limit the perquisites will be exempt.<\/p>\n\n\n\n<p><strong>a. Exempted Perquisites for all employees:<\/strong><\/p>\n\n\n\n<ul><li>Telephone\nFacility<\/li><li>Transport\nFacility<\/li><li>Privilege\npasses and tickets<\/li><li>Training\nto employees<\/li><li>Leave\nTravel Concession<\/li><li>Medical\nfacilities subject to conditions<\/li><li>Perquisites\nallowed by the government for rendering services outside India<\/li><\/ul>\n\n\n\n<p>As per the general rule, the perquisites are taxable in the hands of the employee which is, in turn, a cost to the employer. Rule 3 of the <strong>Income Tax Act<\/strong><sup><a href=\"https:\/\/www.incometaxindia.gov.in\/pages\/acts\/income-tax-act.aspx\">[1]<\/a><\/sup><strong> <\/strong>defines the specific rules for valuation of perquisites:<\/p>\n\n\n\n<ol><li><strong>Valuation of Rent Free Accommodation:<\/strong><\/li><\/ol>\n\n\n\n<p>If the Accommodation\nis owned by the employer the valuation is done as per the population of the\nplace in which the accommodation is provided:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n  Population in the place where the\n  accommodation is provided\n  <\/td><td>\n  Value of perquisite taxable\n  <\/td><\/tr><tr><td>\n  Less than 10 lakhs\n  <\/td><td>\n  7.5% of Salary\n  <\/td><\/tr><tr><td>\n  10 to 25 lakhs\n  <\/td><td>\n  10% of Salary\n  <\/td><\/tr><tr><td>\n  More than 25 lakhs\n  <\/td><td>\n  15% of Salary\n  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Salary is\nto be calculated on the <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Basis&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;In finance, the &amp;quot;basis&amp;quot; is a term with several applications, including representing the difference between the spot price and the future contract price of an asset, which is vital in investment(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/basis\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>basis<\/a> of the period for which the employee had occupied\nthe accommodation during the previous year<\/p>\n\n\n\n<p>However,\nin case the accommodation is taken on lease or rent the valuation of perquisite\nshall be done on the basis of <\/p>\n\n\n\n<ol><li>Actual\nrent paid or payable by the employer <\/li><li>15%\nof salary whichever is lower.<\/li><\/ol>\n\n\n\n<p>Notes:<\/p>\n\n\n\n<p>The above rules are with regard to\nunfurnished accommodation. If the employee is provided with furnished accommodation,\nthen in such a case value of furniture would be added separately the\ncalculation of which shall be done as follows:<\/p>\n\n\n\n<ol><li>If the furniture is owned by the employer: 10% of the cost of the furniture every year<\/li><li>If the furniture is hired from the third person: Actual Hiring Charges payable.<\/li><\/ol>\n\n\n\n<p>In the case where accommodation is\nprovided in a hotel:<\/p>\n\n\n\n<p>The value of perquisite will be lower of\nActual hotel charges paid or payable by the employer or 24% of salary.<\/p>\n\n\n\n<p>The salary for the purpose of this\ncalculation means Basic Salary + Dearness Allowance (if provided) + any bonus,\ncommission or any other allowances<\/p>\n\n\n\n<p><strong>2. Valuation of Motor Car for personal use:<\/strong><\/p>\n\n\n\n<p>The valuation of the motor car can be categorized on the basis of the situations:<\/p>\n\n\n\n<p>Situation\nA: Employers Car and expenses are borne by the employer<\/p>\n\n\n\n<p>Situation\nB: Employers Car and expenses are borne by the employer<\/p>\n\n\n\n<p>Situation\nC: Employers Car and expenses are borne by the employee<\/p>\n\n\n\n<p>Valuation\nof taxable perquisite will be done as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n  Scenario\n  <\/td><td>\n  Situation A\n  <\/td><td>\n  Situation B\n  <\/td><td>\n  Situation C\n  <\/td><\/tr><tr><td>\n  Usage of Motor Car for personal and\n  official use\n  <\/td><td>\n  Actual Cost bore by the Employer\n  Less:\n  Rs 1800 per month if car is &lt; than\n  1.6 c.c.Rs. 2400 per month if car &gt; than\n  1.6 c.c.In addition to the above Rs.900 per\n  month if the driver is provided to the employee will be reduced\n  \n  \n  <\/td><td>   The amount of the prerequisite shall be   fixed as flows:   Rs 1800 per month if the car is &lt; than   1.6 c.c.Rs. 2400 per month if car &gt; than   1.6 c.c.In addition to the above Rs.900 per   month if the driver is provided to the employee will be added         <\/td><td>   The amount of the prerequisite shall be fixed as flows:   Rs 1800 per month if the car is &lt; than   1.6 c.c.Rs. 2400 per month if car &gt; than   1.6 c.c.In addition to the above Rs.900 per   month if the driver is provided to the employee will be added         <\/td><\/tr><tr><td>\n  Used fully for Personal use\n  <\/td><td>\n  The cost to the Employer\n  <\/td><td>\n  The cost to the Employer + 10%\n  additional of the cost of the motor car for the routine wear and tear\n  <\/td><td>\n  The cost to the Employer + 10%\n  additional of the cost of the motor car for the routine wear and tear\n  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>3. Use of Gas, Electricity, and Water:<\/strong><\/p>\n\n\n\n<p>The value\nof the perquisite shall be determined on the basis of the ownership of the\nservices<\/p>\n\n\n\n<ol><li>If\nsupplied from employers own resources: Manufacturing cost per unit incurred by\nthe employer<\/li><li>If\nsupplied from the third party: Actual amount paid to the supplying agency <\/li><\/ol>\n\n\n\n<p>Also, note that any amount received from\nthe employee shall be deducted from the amount payable.<\/p>\n\n\n\n<p><strong>4. Free or Concessional Education facility: <\/strong><\/p>\n\n\n\n<p>The value\nof perquisite shall be determined by the employer on the basis of:<\/p>\n\n\n\n<ol><li>If\neducations institution is owned and maintained by the employer: Value of the prerequisite\nwould be NIL if the cost of the benefit is less than Rs.1000 per month per\nchild<\/li><li>If\nnot owned by the employer: Reasonable cost of such education in the nearby\nlocality but limited to Rs.1000 per month per child.<\/li><\/ol>\n\n\n\n<p><strong>5. Use of sweeper, gardener, watchman or personal attendant:<\/strong><\/p>\n\n\n\n<p>Value of\nperquisite shall be determined on the basis of actual amount borne by the\nemployer reduced by any amount paid by the employee<\/p>\n\n\n\n<p><strong>6. Free or concessional traveling to the employee and its family:<\/strong><\/p>\n\n\n\n<p>The value of the perquisite shall be determined on the basis of benefit which is offered to general as reduced by the amount if any recovered from the employee.<\/p>\n\n\n\n<p><strong>7. Interest-free or Loan at concessional rates:<\/strong><\/p>\n\n\n\n<p>The value of perquisite shall be determined on the basis of an excess of interest payable at the prescribed rate over and above any interest is recovered from the employee. <\/p>\n\n\n\n<p>In this case, the prescribed rate would be the rates prescribed by State Bank of India on the 1<sup>st<\/sup> day of the relevant financial year in respect of the same type of loan in which it is provided to the general public.<\/p>\n\n\n\n<p>Note: The value of the prerequisite is to be calculated on the maximum outstanding monthly balance method. Also, note that that loans up to Rs.20000\/- for medical treatment specified in Rule 3Aare exempt provided the same is not reimbursed under medical insurance.<\/p>\n\n\n\n<p><strong>8. Value of Free Meals:<\/strong><\/p>\n\n\n\n<p>The value\nof perquisite in case of a free meal and nonalcoholic beverages provided by the\nemployer shall be the expenditure incurred by the employer less any amount\nrecovered from the employees.<\/p>\n\n\n\n<p>However free meal or non-alcoholic beverages will not be treated as a prerequisite if they are provided during working hours and certain conditions are satisfied as per Rule 3(7)(iii).<\/p>\n\n\n\n<p><strong>9. Gift Voucher or Token:<\/strong><\/p>\n\n\n\n<p>The\nperquisite value shall be calculated in case of any gift voucher or token shall\nequal to the value of such gift, voucher or token. The gift can be received by\nthe employee himself or any household member of his family from the employer.<\/p>\n\n\n\n<p>Also,\nthey are not liable to fringe benefits tax. However, no perquisite shall be\ntaken into consideration if the same is provided for the official purpose and\nloss of certain conditions of Rule 3(7)(iii) are fulfilled.<\/p>\n\n\n\n<p><strong>10. Club membership provided by the employer:<\/strong><\/p>\n\n\n\n<p>The value\nof table perquisite shall be the amount paid by the employer as reduced by any\nexpenses recovered from the employee. These perquisites are not liable to\nfringe benefits tax.<\/p>\n\n\n\n<p>However, such expenses will be exempt if they are used for business purposes exclusively and also certain conditions of Rule3(7)(iii) are fulfilled.<\/p>\n\n\n\n<p><strong>11. Sweat equity shares or Specified Security:<\/strong><\/p>\n\n\n\n<p>In case\nof specified security or sweat equity shares the value of perquisite shall be\ncalculated as follows:<\/p>\n\n\n\n<ul><li>In the case of Listed shares: On the date of exercising the option the fair <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a> value of the specified security listed on stock exchange reduced by any amount recovered from the employee.<\/li><li>In the case of Non-Listed Shares: On the date of exercising the option the fair market value as determined of such company by a merchant banker as reduced by any amount recovered from the employee<\/li><\/ul>\n\n\n\n<p>It is\npertinent to note that any facilities provided by the employer to the employee\nwill be taxed as perquisites on the basis of arm&rsquo;s length transactions reduced\nby any cost recovered from the employee<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Perquisites\nthat are exempt:<\/strong><\/h2>\n\n\n\n<p>Here are some examples of perquisites\nwhich are exempt:<\/p>\n\n\n\n<ul><li>Medical Facilities: As per proviso to Section 17(2) value of any medical treatment in any hospital maintained by the government or any local authority or approved by the Chief Commissioner of Income Tax shall be exempt up to a limit of Rs.15000\/-<\/li><li>Perquisites provided to an employee out of India for rendering services are exempt.<\/li><li>Rent-free residences provided to Judge or High Court or <strong>Supreme Court<\/strong><sup><a href=\"https:\/\/sci.gov.in\/case-status\">[1]<\/a><\/sup> or officer of Parliament is exempt.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What\nare Allowances?<\/strong><\/h2>\n\n\n\n<p>Allowances are defined as a fixed amount paid to an employee in addition to the salary as per the requirements of the employee. As a Rule, all expenses are included while calculating <strong><a href=\"https:\/\/enterslice.com\/learning\/deduction-salary\/\">salary income <\/a><\/strong>unless specific exemptions are provided. Following Allowances are exempt as per the criteria defined:<\/p>\n\n\n\n<ul><li>House\nRent Allowance<\/li><li>Leave\nTravel Allowance<\/li><li>Certain\nallowances are also exempt under Section 10(14)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Difference\nbetween Allowances and Perquisites:<\/strong><\/h2>\n\n\n\n<p>Allowances are paid in cash as a fixed amount\npaid on a monthly basis to meet the particular requirements for performing the\nduties. The amount may or may not be borne by the employee. Allowance form part\nof your pay package<\/p>\n\n\n\n<p>Perquisites, on the other hand, are the additional benefits provided to a specific employee in addition to its salary It may be in cash or kind. Perquisites may or may not be included in the employee&rsquo;s pay package.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion:<\/strong><\/h2>\n\n\n\n<p>Calculating the income from salary and other taxable income of the employee is a difficult task that can be efficiently done with the help of a professional expert. We at <strong><a href=\"https:\/\/enterslice.com\">Enterslice<\/a><\/strong> help with the solution in file your Income Tax Return with availing maximum benefits. <\/p>\n\n\n\n<p><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/enterslice.com\/learning\/deduction-salary\/\" target=\"_blank\" rel=\"noopener noreferrer\">Deduction from Salary<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Salary Income? Salary is the amount accrued and is payable to an individual periodically for the services rendered as per the express or implied contract between the employer and the employee. The existence of the employer-employee relationship defines the taxability of the receipt under the head &ldquo;Salaries&rdquo;. For Example: An amount received by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":15054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1473,2435],"tags":[2724,2481],"acf":{"service_id":"51"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Salary Income, Perquisites, and Allowances under the Income Tax Act\ufeff<\/title>\n<meta name=\"description\" content=\"Allowances are defined as a fixed amount paid to an employee in addition to the salary income as per the requirements of the employee.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/salary-income-under-income-tax-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Salary Income, Perquisites, and Allowances under the Income Tax Act\ufeff\" \/>\n<meta property=\"og:description\" content=\"Allowances are defined as a fixed amount paid to an employee in addition to the salary income as per the requirements of the employee.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/salary-income-under-income-tax-act\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-29T12:17:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-06T09:41:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/03\/Salary-Income.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Narendra Kumar","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/04\/nk-1.jpg","authorDescription":"Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.","postViews":848,"readingTime":8,"nextPost":{"id":15093,"slug":"offshore-parent-mnc-role-in-the-indian-derivative-market"},"prevPost":{"id":14975,"slug":"cyber-crime-complaint"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/03\/Salary-Income.jpg","postTerms":"Income Tax","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/15032"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=15032"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/15032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/15054"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=15032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=15032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=15032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}