Computation of Income From Salary

Computation of Income From Salary

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Author : Ram Dutt Sharma
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This 2025 Edition of Computation of Income from Salary under Income Tax Law with Tax Planning by Ram Dutt Sharma is a detailed and practical guide to understanding salary income, related exemptions, deductions, and planning opportunities, fully updated with the Finance Act, 2025.


The book provides clear explanations and illustrations on the computation of salary income under the Income-tax Act, 1961, incorporating the latest amendments, CBDT notifications, and judicial pronouncements. It is designed to serve both practitioners and taxpayers by simplifying complex provisions and offering practical computation methods.


Key highlights include:

• Detailed provisions relating to salary income under section 15 to 17 of the Income-tax Act

• Explanation of perquisites, allowances, retirement benefits, and employer contributions

• Taxability and exemptions for HRA, leave encashment, gratuity, pension, VRS, and other benefits

• Computation of taxable salary with worked-out examples and case studies

• Deductions available under Chapter VI-A relevant to salaried individuals

• Guidance on Tax Deducted at Source (TDS) from salaries under section 192

• Tax planning strategies for salaried taxpayers within the legal framework

• Incorporation of changes brought in by the Finance Act, 2025

• Analysis of relevant CBDT circulars, notifications, and case laws


This edition is particularly useful for:

• Chartered accountants, tax practitioners, and HR/payroll professionals

• Salaried taxpayers seeking to optimise tax liability

• Academicians and students specialising in direct tax laws

• Corporate finance and HR departments handling employee taxation


By blending statutory provisions, judicial interpretations, and practical computation techniques, this book acts as a comprehensive and ready reference on salary taxation in India.

 

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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About the author

Ram Dutt Sharma

Ram Dutt Sharma

Ram dutt sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduate from M.D. University, Rohtak in 1980. He Join the Income Tax Department in the year 1983 and retired as Income Tax Officer on 30-06-2018, He Worked at Various Stations of North-West Region of Income Tax Department. He has wide Experience of all wings of Income Tax Department such as Assessment Units Special Range, TDS Wing, Investigation Wings etc. He has been Contributing articles and addressing on Topics Relating to Income Tax at NADT Regional Campus, Chandigarh & Bhopal. He has also addressed number of seminars Organized by the Income Tax Department, Chartered Accountants Advocate and various Trade Associations.

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