Navigating Income Tax: How Do Employee Audits and Deductions Work?

Understanding Employee Audit in the Income Tax Act

In the Income Tax Act, what is an employee audit? How do I prepare an employee audit questionnaire in income tax?

Taxable Allowances

What allowances are fully taxable?

Differentiating Tax Deductions

Can you help me differentiate between employee and employer tax deductions in income tax sections?

Ceiling Limits in Sections 80C to 80U

What are the ceiling limits for employers and employees in sections 80C to 80U?

Please note that there should be a single line break between each paragraph for better readability.

Your question is not very clear. There is no specific requirement for employee audit in the Income Tax Act. Could you please share the relevant section under which this query is arising?

Detailed Answer on Salary-Related Income Tax

Moving on to the second part of your question, it has a detailed answer. As a trainer in salary-related income tax aspects, I can tell you that it covers more than 50 heads. I would suggest checking the Income Tax Ready Reckoner by a reputable author like Mr. Vinod Singhania. It provides details for each section-wise and head-wise allowance and its taxation impact.

If any queries remain, please feel free to post them. I would be happy to reply.

Regards,
Pankaj
CA