30 March 2009
employer contribution: [Section 17.] "Salary", "perquisite" and "profits in lieu of salary" defined For the purposes of sections 15 and 16 and of this section,— (1) "Salary" includes— (i) wages; (ii) any annuity or pension; (iii) any gratuity; (iv) any fees, commissions, perquisites or profits in lieu of or in addition to any salary or wages; (v) any advance of salary; 2[(va) any payment received by an employee in respect of any period of leave not availed of by him;] (vi) 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; and
employee contribution Section 80C(2)(iv) a contribution by an individual to any provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies; is allowed as deduction
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