PCG's Income Tax on Salary for the Assessment Year 2025-26 & 2026-27

PCG’s Income Tax on Salary – 17th Edition 2025 is a comprehensive and practical guide covering the latest provisions of the Income Tax Act relating to taxation of salary income for AY 2025-26 and AY 2026-27. The book is ideal for salaried individuals, HR departments, tax professionals, and students preparing for tax exams.

It incorporates all the latest amendments introduced by the Finance Act, 2025, and explains complex provisions like exemptions, deductions, TDS on salaries, perquisites, and the new vs old tax regimes with clarity and examples.

📘 Key Features:

• Covers all components of salary – Basic Pay, Allowances, Perquisites, Gratuity, PF, etc.

• Updated as per the Finance Act, 2025

• Explains TDS on salaries (Section 192) and employer obligations

• Includes comparative analysis of new vs old tax regimes

• Contains computation examples, charts, FAQs, and salary templates

• Useful for tax return preparation, payroll structuring, and compliance

📚 Contents Overview:

1. Introduction to Salary Income

2. Chargeability & Scope under Section 15

3. Detailed Analysis of Allowances and Exemptions

4. Perquisites Valuation Rules

5. Deductions from Gross Salary (Section 16, 80C to 80U)

6. Tax Regimes – Section 115BAC (Old vs New Regime)

7. Employer TDS Obligations & Form 16

8. Salary Computation – Illustrative Problems

9. FAQs and Salary Tax Planning Tips

🎯 Useful For:

• Chartered Accountants & Tax Professionals

• Salaried Individuals & HR/Payroll Managers

• MBA/CA/CMA/CS Students

• Tax Consultants & Auditors