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Income-tax Act, 1961

Section - 17 - “Salary”, “perquisite” and “profits in lieu of salary” defined

"Salary", "perquisite" and "profits in lieu of salary" defined.

17. 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;
(va)- any payment received by an .... To read the full section download the app from Google Play store
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