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of <h1>Section 17 defines salary and perquisites to include wages, pensions, commissions, leave encashment, provident fund accretions, and employer contributions</h1> Section 17 defines 'salary' to include wages, pensions, gratuity, fees, commissions, perquisites, leave encashment, salary advances, provident fund accretions and specified employer contributions to pension or Agniveer funds. 'Perquisite' covers rent-free or concessional accommodation (computed as prescribed), benefits to directors/substantial-interest employees or high-salary employees, employer-paid obligations, life-insurance/annuity payments, specified securities or sweat equity allotted concessional or free, employer contributions above statutory thresholds and other prescribed fringe benefits, with specified exemptions for certain medical treatment and approved insurance. 'Profits in lieu of salary' includes termination compensation and certain pre- or post-employment payments and fund disbursements.
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