Section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary.
Articles in this section
- Are receipts from life insurance policies on maturity along with bonus taxable?
- Is leave encashment taxable as salary?
- My income from let out house property is negative. Can I ask my employer to consider this loss against my salary income while computing the TDS on my salary?
- Can my employer consider relief u/s 89 for the purposes of calculating the TDS from salary?
- Are arrears of salary taxable?
- Are retirement benefits like PF and Gratuity taxable?
- Is Family pension taxed as salary income?
- Is pension income taxed as salary income?
- During the year I had worked with three different employers and none of them deducted any tax from salary paid to me. If all these amounts are clubbed together, my income will exceed the basic exemption limit. Do I have to pay taxes on my own?
- My employer reimburses to me all my expenses on grocery and children’s education. Would these be considered as my income?