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*IMP NOTE* 1:07:00: changes in the Rent free Accomodation limits *IF OWNED BY EMPLOYER:* 1. if Population upto 15Lakh: 5% of BDBACM 2. if Population >15Lakh upto 40Lakh: 7.5% of BDBACM 3. if Population more than 40Lakh: 10% of BDBACM *IF HIRED BY EMPLOYER:* , lower of- 10% of BDBACM or Actual Hire charges
00:02 Salary under section 15 is taxable for employee-employer relationship 01:42 Contracts about service and salary taxation 05:14 Understand the concepts of advance salary and arrears of salary. 07:00 Calculation of gratuity for government and non-government employees 10:39 Understanding average salary and gratuity calculation 12:29 Understanding gratuity limits and pension types 16:11 Leave salary is taxable, but there are specific rules and limits based on various conditions. 17:59 Understanding leave credits and average salary per month 21:18 Employees are entitled to compensation if removed from job 22:54 Definition of salary includes basic salary plus DA and turnover commission. 26:21 Transport Undertaking Allowances Overview 27:59 Understanding various types of allowances and their tax implications 31:19 Employee Provident Fund (EPF) contributions and tax implications 33:00 Employee's Provident Fund deduction and taxation 36:44 Unrecognized Provident Fund and its tax implications 38:29 Superannuation funds and additional benefits for employees 41:42 Calculation of actual expenditure for various transport modes 43:18 Employee travel entitlements for dependents 46:37 Exemption and taxation of travel benefits for medical treatment outside India 48:15 Employer-provided Covid-19 treatment benefits are tax-free 51:38 Understanding SBI interest rates and tax implications. 53:02 Tax implications of providing movable assets to employees 56:52 Tax implications of employer-provided facilities 58:34 Employer contribution to RPF and NPS 1:02:47 Understanding the tax implications of employer contributions to pension schemes. 1:04:54 Explanation of salary components and taxation. 1:08:04 Understanding various components of salary calculation 1:09:52 Taxation of employer-provided facilities 1:13:17 Taxable amount for employer-provided car and petrol 1:14:58 Education facilities provided by the employer and taxation 1:18:25 Understanding deductions and rebates in salary income 1:20:11 Understanding tax implications on arrears salary 1:23:37 Deductions for entertainment allowance and professional tax under sections 162, 163 & 163 1:25:29 Focus on hard work and preparation for exam success