
Union Budget 2014: Salary income — Your slip is showing
Whether it's your first job or you are a top executive in an MNC, a higher take-home pay is always welcome. 'Salary' is not just the basic pay and cash allowances that prominently figure on your monthly salary slip. It includes taxable perquisites (benefits in kind such as car and housing provided by your employer). This kitty of all allowances and benefits is referred...