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- "remote
area", for purposes of proviso to this sub-rule
means an area that is located at least 40 kilometers
away from a town having a population not exceeding
20,000 based on latest published all-India census;
- 'salary'
includes the pay, allowances, bonus or commission
payable monthly or otherwise or any monetary payment,
by whatever name called from one or more employers,
as the case may be, but does not include the following,
namely: -
-
dearness allowance or dearness pay unless it enters
into the computation of superannuation or retirement
benefits of the employee concerned;
-
employer's
contribution to the provident fund account of
the employee;
-
allowances which are exempted from payment of
tax;
-
the value of perquisites specified in sub-section
(2) of section 17 of the Income-tax Act;
-
any payment or expenditure specifically excluded
under proviso to sub-clause (iii) of clause (2)
or proviso to clause (2) of section 17;
- "maximum
outstanding monthly balance" means the aggregate
outstanding balance for each loan as on the last day
of each month ";
(ii) for rule 26A, the following rule shall be substituted,
namely:-
"Furnishing
of particulars of income under the head 'Salaries' 26A
.
- The
assessee may furnish to the person responsible for
making the payment referred to in sub-section (1)
of section 192, the details of the income under the
head "Salaries " due or received by him
from the other employer or employers referred to in
subsection (2) of that section and of any tax deducted
at source from such income in Form No.12B.
- The
person responsible for paying any income chargeable
under the head "Salaries" shall furnish
to the person to whom such payment is made, a statement
giving correct and complete particulars of perquisites
or profits in lieu of salary and the value there of
in,-
-
relevant columns provided in Form No.16, if the
amount of salary paid or payable to the employee
is not more than one lakh and fifty thousand rupees;
or
-
in
Form No.12BA , if the amount of salary paid or
payable to the employee is more than one lakh
and fifty thousand rupees.
Explanation
- 'Salary' for the purposes of this rule shall have
the same meaning as given in rule 3.";
(iii) In Appendix-II,
(a) after Form No.12B, the following Form shall be inserted,
namely:-
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