Any annuity or person
Any fees, commission, perquisites or profit in lieu of or in addition to any salary or wages.
Any advance salary
Any payment received in respect of any period of leaves not availed by him.
The portion of the annual accretion in any previous year to the balance at the credit of an employee participating in Recognized Provident Fund to the extent it is taxable
transferred balance in a Recognized Provident Fund to the extent it is taxable.
Contribution by the Central Government to the account of an employee under a pension scheme referred to in Section 80 CCD.
NOTE: - Income is taxable as salary only if an employer, employee relationship exists between the payer and the payee.
Basis of Charge: -
For the purpose of charge ability to tax, salary consists of: -
Any salary due from an employer (or a former employer) to an assessee in the previous year, whether actually paid or not;
Any salary paid or allowed to him in the previous year by or on behalf of an employer (or a former employer), through not due or before it become due; and
Any arrears of salary paid or allowed to him in the previous year by or on behalf of an employer (or a former employer), if not charged to income ‑tax for any earlier previous year.
This is an additional payment over and above the basic salary for meeting the high cost of living, and, is chargeable under the head salary.
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