Which will be my salary?

Guest (Querist) 13 March 2013 This query is : Resolved
In Hand Salary.

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prabhakar singh (Expert) 13 March 2013
salary would be (x-y)till date loan remains unpaid.

Subsequent changes in circumstances cause modification and variation in order if requested by party.

CA Ayush Agrawal (Expert) 13 March 2013
Dear Dev,

Your Salary Will Remain, Which is Confirmed Before Taking Loan. i.e.x

Just Per Month- Some Amount They are deducting for Loan Taken, Its Doesnt Mean Your Salary is now decreased.
Just Your In hand Salary Became Less.

CA Ayush Agrawal (Expert) 13 March 2013
And If You are Asking for Income Tax Prospective Then...

Whatever Relaxation in Interest Given by Company to You in loan is taken as Part of Salary and Amount to Perquisite u/s 17(2) of Income Tax act.
and This Perquisite is Taxable in Your hand.
That Will Of-course Increase Your CTC, But Will Decrease Your In Hand Salary due to TDS deduction on that.

Raj Kumar Makkad (Expert) 13 March 2013
Nothing to add more in the given replies.

prabhakar singh (Expert) 13 March 2013
Okay Mr.Agrwal!

But reply was with reference to a maintenance case under 125 Cr. P.c where it could be granted only from"take home salary"
and that is why answer was (X-Y) .

CA Ayush Agrawal (Expert) 13 March 2013
Yes Sir.
I Got it.
That's Why Replied in My First Comment as CTC and Take Home.

Thanks Sir For Your Guidance.

Guest (Querist) 13 March 2013
Thanks Prabhakar ji and Agrawal ji.

prabhakar singh (Expert) 13 March 2013
MOST WELCOME YOU ARE.

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