Salary definition expanded to include wages, pensions, gratuities, perquisites and employer contributions under specified schemes. Definition of salary for taxation treats a wide range of employer-related payments as income under the salary head, expressly including wages, annuities ... Summary
Salary definition expanded to include wages, pensions, gratuities, perquisites and employer contributions under specified schemes.
Definition of salary for taxation treats a wide range of employer-related payments as income under the salary head, expressly including wages, annuities and pensions, gratuities, fees and commissions, perquisites, profits in lieu of salary, advances of salary, payments for unavailed leave, applicable recognised provident fund accretions and transferred balances to the extent chargeable, and employer contributions to pension schemes and the Agniveer Corpus Fund in any tax year.
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