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Is net salary or gross salary considered for income calculations for a non creamy layer certificate?
In order to qualify as an OBC non-creamy layer candidate, the applicant’s parents’ annual income should be less than Rs. 8 lakhs. Salary and agricultural income are not to be considered as income for calculating annual income for creamy layer status.
How many head of income are there to compute gross total income of an assessee?
five heads of income
Ans: There are five heads of income to compute the gross total income, namely, Income from salaries, Income from house property, profits and gains of business or profession, income from capital gains and income from other sources.
Will the income from agricultural or salary be clubbed for income limit in the creamy layer?
The Explanation to the Category VI that income from salaries or agricultural land shall not be clubbed, in our opinion, is totally unnecessary and should therefore be deleted”. However, the Government of India, Department of Personnel & Training vide Office Memorandum No. 36033/1/2013-Estt.
Which income is shown in income certificate?
3. What is Income Certificate? Income Certificate is a documentary proof declaring a person’s or a family’s annual income from all sources including salary, daily wages, pension, business, produces from property, rent, and remittances from expatriate member.
What is included in gross total income?
Gross income refers to the total income earned by an individual on a paycheck before taxes and other deductions. It comprises all incomes received by an individual from all sources – including wages, rental income, interest income, and dividends.
What is a gross total income?
What Is Gross Income? Gross income for an individual—also known as gross pay when it’s on a paycheck—is the individual’s total pay from their employer before taxes or other deductions. This includes income from all sources and is not limited to income received in cash; it also includes property or services received.
What is the nature of income for OBC non-creamy layer?
Though there is no distinct clarity on the nature of income to be considered while accepting application on OBC non-creamy layer, The Total Income shall be taken into account for any such matter.
What expenses are eligible for reimbursement under an HRA?
care expenses as defined in § 213(d)(1)(D) are allowable reimbursements under an HRA, including amounts paid for premiums for accident or health coverage for current employees, retirees, and COBRA qualified beneficiaries. However, see Part IV for a discussion relating to cases in which an employer provides an HRA in conjunction with
Who is not eligible for OBC non-creamy layer reservation?
The government has amended the clause in OBC Non-Creamy Layer. Now every government employee who is above Grade-A or higher are not eligible for the OBC reservation. In Private sector any person who has income greater than 8 lakh is not eligible for OBC reservation.
What is the income/wealth test for creamy layer?
While applying the “Income/Wealth Test” to determine creamy layer status of any candidate, income from the salaries and income from the agricultural land shall not be taken into account.