Leave salary, also known as income tax leave encashment, is the amount of money that
SALARY
The term “salary” under income tax is a comprehensive term that includes both monetary and
BASIS OF CHARGE [sec.15]
Section 15 of the Income Tax Act, 1961 (ITA) deals with the basis of charge
SALARIED INCOME
MEANING OF SALARY [ sec.17(1)] The meaning of salary under section income tax 17(1) of
EMPLOYEES CONTRIBUTION TO STAFF WELFARE SCHEMES [SEC.36(1)]
Section 36(1)(VA) of the Income Tax Act, 1961 allows a deduction to an employer for