COMMISSIONER OF INCOME-TAX versus KIRANDBHAI H. SHELAT
Salary means deduction from salary LIC incentive bonus The portion of the bonus received by the Development Officers of the LIC is actually a reduction in salary which is not allowed for a maximum of 30 Percentage incentive bonus range is different from standard deduction. Tax Act, 1961, Sections 15, 16 and 17 [CITV Shiv Raj Bhatia (1999) 235 ITR 523 (Raj) (APEX); CITV Govind Chandra Pani (1995) 235 ITR 523 ( Orissa); Chaudhry (KA) vs CIT (1990) 235 ITR 523 (AP) and CITVMD stripe (1998) 235 ITR 523 (car)]
Find a Lawyer Near You
Dealing with a matter like this? Connect with a verified advocate in your city — free on SJP Lawyers Directory.
