• my_secret_girl 10w

    Salary is said to be the remuneration received by or accruing to an individual for service rendered as a result of an express or implied contract. The statute, gives an inclusive but not exhaustive definition of salary. As per sec. 17(1), salary includes therein
    (i) Wages
    (ii) Annuity or pension
    (iii) Gratuity
    (iv) fees, commission, perquisites or profits in lieu of salary
    (v) Advance salary
    (vi) Receipt from provident fund
    (vii) Contribution of employer to a recongnised provident fund in excess of prescribed limit
    (viii) Leave encashment
    (ix) compensation as a result of variation of service contract etc.
    (x) Government contribution to a pension scheme.