salaried employees

Salary income of persons.......

'"Salary income of an employee is to be computed in accordance with the provisions laid down in sections 15, 16 and 17. Section 15, gives the scope of this head and tells us that which incomes shall form part of this head. Section 16 gives deductions to be allowed out of income taxable under this head. Section 17(1) defines the word ‘salary’ as mentioned in section 15. Section 17(2) and 17(3) further define the terms ‘Perquisites’ and “profits in lieu of salary”

My Pleasure Sir