https://www.taxtmi.com/manuals?id=7981 Profits in lieu of salary comprise compensation, pre-employment and post-employment payments, other employer-related receipts, and certain fund or Keyman insurance receipts that are connected with employment and treated as taxable salary income. Employer contributions and related interest in provident or other fund receipts are taxable, while the employee's own contributions and interest on those contributions are excluded from that component. The newer provision also recognizes specified exclusions for life insurance proceeds, recognised provident fund balances, approved superannuation fund payments, and special allowances covered by the relevant schedules. en-us Tue, 24 Mar 2026 12:15:00 +0530 Tue, 24 Mar 2026 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=7981 Profits in lieu of salary comprise compensation, pre-employment and post-employment payments, other employer-related receipts, and certain fund or Keyman insurance receipts that are connected with employment and treated as taxable salary income. Employer contributions and related interest in provident or other fund receipts are taxable, while the employee's own contributions and interest on those contributions are excluded from that component. The newer provision also recognizes specified exclusions for life insurance proceeds, recognised provident fund balances, approved superannuation fund payments, and special allowances covered by the relevant schedules. Manuals Income Tax Tue, 24 Mar 2026 12:15:00 +0530 https://www.taxtmi.com/manuals?id=7981