09-11-2011, 04:35 AM
Thank you for replies. What about the following question
What if teacher/researcher has additional income in the form of award/hounorarium given to him by his department/govt based on his performance in job (like Higher Education Commission gives cash awards to best teachers)? How much tax will be applicable on that income (100% or 25%)?
What if teacher/researcher has additional income in the form of award/hounorarium given to him by his department/govt based on his performance in job (like Higher Education Commission gives cash awards to best teachers)? How much tax will be applicable on that income (100% or 25%)?