What is Salary u/s 17(1)?
Salary is defined u/s 17(1) as the amount received by an employee from a current or former employer for the execution of services in connection with employment.
- Advance Salary
- Contribution to funds etc.
Where do I find a break up of salary u/s 17(1)?
Break up of salary u/s 17(1) is found in Annexure to Form 16. Refer to the below image:
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