So they don't get all these benefits.
The Prime Minister of the country must have had a letter of
appointment.
In that letter, it must have been written that you are the
Emperor, Mr.
Narendra Modi, and he is the Prime Minister of our country,
and this will be his salary.
Apart from that, we will give him a residence, so many
bodyguards will be given to him.
Sometimes he goes out, you must have seen that he stays on
tour.
If he has to inaugurate something, he will cut a ribbon or
cut a stone somewhere.
He does all these things.
Does he have to go and come? Does he go by aeroplane?
He must have been given a private jet.
Does Mr.
Modi go like this? Does he go by sharing?
Does he go in a normal airplane? He doesn't, right?
He goes in a private jet.
He must have been given a pilot.
How many bodyguards will he have?
How many staff will he have?
The servants will be there to give him water.
He must have a gardener in his house.
He must have a cleaner in his house.
And above all this, he must have a head who looks after all
the work.
He must have been given a salary.
What is all this?
These facilities are also being given along with the job.
Do you think a businessman has such a status?
Forget about the stardom.
Can a person in business get the position that Mr.
Modi is in?
No one can. Tell me.
Can't a big businessman do it?
Friends, it's not that jobs are bad.
There are many benefits of jobs.
What do you compare?
When you talk about business, you say that Ashneet Kaur has
done this.
Today, if a person is standing on the road and not able to
speak, you slap him, what will he do?
And today, you say something to Mr. Modi and show him.
Then see the difference.
Whereas a businessman is in a job.
Don't be like this.
If someone is doing business, let him do it.
Don't be a part of the crowd.
So the thing was, what all will come in salaries.
In salary, you think that the person who will give you
money, that is a salary.
But along with that, the facilities that you get, where
should I take them?
You get those facilities because you work in that company.
Because of this, the value of the facilities, because there
are some costs of the facilities.
If the Government of India appoints a bodyguard to Mr.
Modi, will he take the salary to the bodyguard?
Mr. Modi is not going to pay the salary.
Who will pay the salary?
Government of India.
So the cost of the Government of India, the salary of the
bodyguard, that is also a part of the compensation package
of Mr.
The facilities that we are giving you, if we find out that
the salary of a bodyguard is Rs.
10,000, so Mr.
Modi is giving you facilities worth Rs.
So that will also become a part of his package.
We will discuss this.
I am just telling you the basics.
If you don't understand, don't worry.
We will discuss this further.
Tell me one thing.
This is a clear point.
Salary plus the cost of the facilities is also a part of
the salary.
Let me ask you an example.
Let's see how much you understand.
For example, I am a chartered accountant.
I went to give an interview for a job.
And the boss asked me a question.
Mr. Shrey, do you smoke?
I said, no sir, I don't smoke.
He said, very good.
Mr. Shrey, do you drink?
I said, no sir, I don't drink.
He said, very good.
Mr. Shrey, tell me, have you ever loved anyone?
I said, no sir, I have never loved anyone.
I have worked as a C.A.
He said, what great thoughts you have.
Mr. C.A.
Shrey, from today you will get a salary of Rs.
1 crore per month, along with a Mercedes car.
Along with a Mercedes car, a driver.
And if you ever want to go out with your family, for that
we will give you a private jet.
We will put a pilot in the jet and an air hostess will also
stay with you.
And I have some properties.
I am so happy to see you in the interview.
I will give that property to you.
And I have some fields lying around in the office.
I will give that to you too.
Now tell me, first tell me, if you get such an employer,
will a person want to do business or a job?
Will he want to do a job?
Give me the number.
Now tell me in this case, that person is saying that a
salary of Rs.
1 crore per month, what will I get?
Salary.
Do you understand this much?
Clear.
He is saying that I will give you a car and a driver.
Will there be any cost for that?
He will buy a car.
My boss will buy my car.
He will pay the driver.
There will be a cost for that in a way.
So that will be a part of my salary.
If I had not gone to his company, would he have hired a
driver?
Would he have bought a car?
No.
This is happening because I am going there to do a job.
So in a way, what he is spending on that driver is also a
part of my salary.
He is saying that I will also install an air-carriage for
you.
In that air-carriage,
I will give you a pilot.
The salary of the pilot, the salary that the pilot will
give, in a way, what is that?
That is my facility.
The money that the pilot is giving to the pilot,
that is a part of my facilities.
That will also be included in my salary.
The money that he will give to the air-hostess, that too,
in a way, he is giving it for me.
This will become a part of my salary.
Although in hand, my salary will be 1 crore per month.
But the cost to the employer, will be at least 2 crores.
He will give the salary to the pilot, he will give the
salary to the air-hostess,
and the facilities are also included in his salary.
So, you will see,
when you go to a company, they say, there is a word,
C2C.
Cost to the company.
The package, how many packages you have installed.
The package is C2C.
C2C means, cost to the company.
Cost to the company.
For the company, how much are you paying?
Cost to company,
C2C.
Suppose, you have a C2C of 6 lakhs, for the whole year.
Now, people make a mistake, that 6 lakhs, is divided by 12.
Brother, it is a salary of 50,000 per month.
Wrong.
It is not.
In this C2C, that is also included, that our employee,
will drink 2 cups of tea in a day,
and will eat biscuits along with it.
What is the cost of the company?
Cost to company.
It is the cost of the company, friends.
The company is providing tea to that person.
The company is installing a driver for that person.
The company is installing a pilot for that person.
They are providing air-hostess.
How much is the company spending?
How much is the company spending, on that person?
What is the cost of the company, to give him a job?
This cost comes out, 6 lakhs per year.
This cost comes out.
People divide it by 12, and say, it is 50,000 per month.
50,000 per month, is the cost of the company.
How much in-hand, are you getting?
It is possible, that you are getting in-hand, 35,000 per
month.
This is also possible.
The remaining 15,000 per month, is the cost of the
facilities.
What is the cost of the facilities?
What is the cost of the facilities, that are being given to
you?
That is why, whenever you want to get a job, ask that
person.
He will say, you have a package of 6 lakhs.
Ask him, the package of 6 lakhs, has become a cost to the
company.
How much will I get in-hand?
Tell me that.
Have you ever thought about this?
Everyone wants to become Ashneet Kapoor.
Think about this also.
This is becoming a cost to the company.
What is the cost, to the company?
How much are you paying, for the company?
You have to see,
what is coming in my in-hand.
This is what you have to see.
Okay?
Let's do some reading.
We have learnt a lot about this chapter.
You will say,
Sir, I don't know, what do you keep saying?
Cost to the company, and this and that, and I don't know,
what all.
Because friends, see, this has a simple logic.
People get confused, in this chapter, about what to take,
and what not to take.
First of all,
I am giving you a mantra, a mantra, of this chapter.
I am asking you questions, to solve this.
First of all, tell me this.
Take this with you, in everything.
Can an employer, give his employee,
a salary?
Yes, he can.
He is going for a salary.
He can give a salary.
Can an employer, give his employee, a car?
Sir,
he can give.
There is a contract between the employer and the employee.
He can give anything.
The government has written somewhere, that he can't give
this, he can't give that.
Has it been written in the income tax law?
Have you heard anywhere, that he can't give this, or he can
give that?
He can give anything.
An employer, can give anything, to his employee.
This is not prohibited anywhere.
Keep this in mind.
Okay, sir.
Can an employer, give his employee, an airplane?
Yes, he can.
Sir, Mukesh Ambani, is an employer, of Reliance.
Reliance means, the employer of Reliance, is Mukesh Ambani.
Can he give his NTRA to someone?
Can he give it to his employee?
Has anyone forbidden it?
There should be a letter of appointment.
Can he give it?
Sir, Shah Rukh Khan is also someone's employer.
Can he give his Mannat?
Yes, he can.
Really, sir?
He can give everything.
There is a contract between those two parties.
What has the government got to do with it?
There is a contract between two parties.
I am your employer, you are my employee.
This is your salary.
And apart from your salary,
I will give you all this.
Can he give it?
Is the point clear?
Can an employer give his employee his salary?
Yes, he can.
Can he give his car? Yes, he can.
Do you want to fly a bird in it?
Can he give anything apart from his car?
Can he give his driver? Yes, he can.
Can he give his airline? Yes, he can.
Can he give his airhostess? Yes, he can.
Can he give his house? Yes, he can.
Can he give his entire neighborhood? Yes, he can.
Can he give his wife and kids?
You got caught, right?
He won't give it.
What I mean to say is, he can give everything.
There is a contract between two parties.
He can give anything.
Now, the problem is, the employee took everything.
He took the salary in cash, the transfer from the bank,
whatever it is.
Apart from that, he also took the facilities.
Now, we have to see here, what is taxable and what is
exempt?
This is simple.
Put tax on what is taxable and leave the exempt.
This is the point.
Can an employer give his employee his entire neighborhood?
Yes, he can.
Can an employer give his employee a package worth 50,000
crores?
Yes, he can.
He is not forbidden to do so.
Employee will pay tax on it.
Can an employer give his employee a piece of land worth
1,000 crores?
Yes, he can.
Employee will pay tax on it.
Come, let's do some reading.
We have talked a lot.
Come.
Friends, I would like to say one more thing.
Although, there are many jobs in this country, there is no
such thing as a job.
You will get a job in private as well as in government.
I am just requesting you, if you get a chance, go for a
government job.
Security is very good.
And nowadays, their packages,
C2C, and in-hand, your salary, is much better than private.
And facilities are also very good.
The culture of work is very good.
Nobody will tell you otherwise.
If you get a chance, go for a government job.
And according to me, there is only one job in the whole of
India which is worth doing, if you are a little educated.
There is only one job, and the name of that job is this,
IAS.
According to me, this is the job.
The facilities they get, they get a house to stay.
The vehicle you need, you will get it.
Salary is very good.
Education for children is free.
Medical expense is free.
If you get a chance, do go for it.
And if you can't go here, do get a government job.
Life in private is a little uncertain.
You don't know which day will be your last day.
No matter how well you perform, they can give you an excuse
and fire you.
So do try.
If you get a government job or an exam, do give it.
As an elder brother,
I can't explain it to you.
The rest is up to you.
Let's read this chapter.
Section 15, 16, 17 is what we have to read.
Which is the charging section?
We have the charging section.
But first of all, when do you get your salary?
When you get your salary.
That's when you get your salary.
Not in business.
Not in house property.
Not in other sources.
When do you get your salary?
To get your salary.
To get your salary, the most important thing is to have a
relationship with your employer.
One person will be your employer and the other will be your
employee.
Keep this in mind.
If you don't have this relationship, then your income, your
employee's income won't go to the salary head.
Keep this in mind.
Salman Khan, what's his bodyguard's name?
I know this.
I've been asking you this all day.
I'll ask you something about income tax.
You won't tell me.
Shera.
Shera is from some other bodyguard agency.
Assume if Salman Khan gives Shera Rs.
1 lakh per month to get his bodyguards then which head will
Shera's income go to?
To the salary head.
There's a relationship between the employer and the
employee.
If Jethalal gives a salary to the bodyguard, the bodyguard
lives like this, if he gets a salary, if he gets services,
then in the hands of the bodyguard, it will be taxable to
the salary head.
In other sources, it won't be taxable in that case.