Description Taxation of Salaried Employees and Pensioners – 12th Edition (2026) is a practical and easy-to-understand guide focused on income tax provisions applicable to salary earners and pension recipients. Authored by Ram Dutt Sharma and published by Commercial Law Publishers, this book simplifies tax compliance for individuals. With 288 pages of clear and structured content, the book covers key topics such as salary income computation, allowances, perquisites, deductions, exemptions, tax planning strategies, pension taxation, and filing of income tax returns. It is designed to help readers understand their tax liabilities and optimize their tax planning. This publication is highly useful for salaried individuals, pensioners, tax consultants, chartered accountants, HR professionals, and students seeking clarity on personal taxation. �� Key Features: Focused coverage of salary and pension taxation Includes deductions, exemptions & tax planning tips Simple and practical explanations for easy understanding Suitable for individuals and professionals alike �� Limited-Period Offer: Flat 25% Discount with Free Shipping Chapter Content Page 1 Introduction 1 2 Essential Characteristics of Salary 6 3 Different Forms of Salary 10 4 Salary not treated as Income under the head ‘Salary 14 5 Exempted Salary 20 6 “income” includes 23 7 Scope of Total Income 25 8 Income deemed to accrue or arise in India 28 9 Basis for charging income under the head ‘Salaries’ 31 10 Income from Salary 41 11 Perquisite 45 12 Valuation of perquisites 56 13 Profits in lieu of salary 71 14 Deductions from Salaries 80 15 Treatment of Retirement Benefits 82 16 Allowances which are Fully Exempt 103 17 Allowances which are Partially Taxable 109 18 Allowances – Exemption depends upon actual expenditure by the employee 114 19 Allowances to meet personal expenses which are exempt to the extent of amount received or the limit specified, whichever is less. 122 20 Allowances which are Fully Taxable 136 21 Taxability of various Funds 138 22 Taxability of Salary of Foreign Citizen 145 23 Deductions to be made in computing Total Income from Salary 150 24 Rebate of Income-tax in case of certain Individualsy 204 25 Relief when salary, etc., is paid in Arrears or in Advance 207 26 New Tax Regime – Lower Tax Rate Option 218 27 Income Tax Rates [Old Tax Regime]. 227 28 Income Tax Deduction at Source from Salary 238 29 Taxation of Pensioners 252 30 Computation of Income from Salary 272
