Section 17 Income Tax Act 1961 : Salary, perquisite and profits in lieu of salary
Section 17 Income Tax Act 1961 (Amended by Finance Act 2017) [ Section 17 Income Tax Act 1961 explains Salary, perquisite and profits in lieu of salary ] “Salary”, “perquisite” and “profits in lieu of salary” defined. 69 17. For the purposes of sections 15 and 16 and of this section,— (1) “salary” includes— (i) wages; (ii) any annuity or pension; (iii)… Read More »