T50.) Salaried employee provides services to employer for monthly salary.
Which of the following statement is true?
a) Employee should register as soon as his salary including all
allowances crosses the threshold limit in any financial year.
b) Employee should register under as soon as his salary excluding
all allowances crosses the threshold limit in any financial year.
c) Employer should pay tax on reverse charge basis on the salary
paid by him.
d) Employee need not register under GST whatever may be
amount of salary
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As soon as the filing season begins, salaried class are in a frenzy about taxes they must shell out for the said financial year. It is important to understand your tax slab and what each of your salary breakup components means. This can help you figure out how to save on taxes. If you want to understand your salary components or want to learn how you can save tax on your salary income, this guide is for you.
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