Meaning of Salary - (New) Section 16 / (Old) Section 17(1)

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....retirement / death etc. (c) any gratuity - Lum sum payment paid on  • Retirement • Retirement • Death (d) any fees or commission; (e) perquisites; (f) profits in lieu of, or in addition to, any salary or wages; • compensation connected to employment, such as: • Compensation on termination ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e comprised in the transferred balance as referred to in paragraph 11(2) of Part A of Schedule XI of an employee participating in a recognised provident fund, to the extent to which it is chargeable to tax under sub-paragraphs (4) and (5) thereof; (k) Employer Contribution to Pension Scheme  • the contribution made by the Central Government or any other employe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nual Payment • Pension -  Regular payment after the retirement / death etc. • any gratuity; • Lum sum payment paid on  • Retirement • Retirement • Death • any fees, • any commissions, • any perquisites or profits in lieu of or in addition to any salary or wages; â....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vailed of by him; • Annual Accretion in Recognised Provident Fund (RPF) • the annual accretion to the balance at the credit of an employee participating in a recognised provident fund, to the extent to which it is chargeable to tax under rule 6 of Part A of the Fourth Schedule; • Employer's contribution towards RPF in excess of 12% of salary • In....