Salary and Expense Account. As of 2014, the president earns an annual salary of $400,000 per year, plus a $50,000 non-taxable expense account.The presidential salary had been $200,000 since 1969, but in 1999, Congress passed legislation doubling the salary to its current level before President George W. Bush took office.etirement Plan. In addition to an annual salary, U.S. presidents receive a retirement plan. After leaving office, the former president receives an annual pension that is equal to the current salary of a Cabinet member. As of 2011, the presidential pension is $196,700 per year.
Economic Service Charge (ESC) ESC is a is a levy imposed under the provision of the ESC Act No. 13 of 2006. The following are liable for ESC: Individuals, partnerships, companies(including BOI), body of persons & Corporations who has aggregate liable turnover for the quarter Rs. 10 mn or more.
The premise is that the import of services are chargeable to service tax under the recently introduced Section 66A of the Finance Act, 1994 (Act) whereas the credit rules allow credits for only such input services that are chargeable to tax under Section 66 of the Act.he reverse charge mechanism was first introduced under the Service Tax Rules in 2002 whereby it was provided that in case of provision of service by a non-resident not having an office in India, service tax would be payable by the service recipient.