• my_secret_girl 9w

    INCOME TAX HEAD " SALARY " ...

    Sections related to Salary ?

    Section 15
    Section 16
    Section 17

    Section 15 is charging section.
    Section 16 is related to deduction.
    Section 17 deals with meanings.

    Section 16 has 3 sub-sections. They are
    Section 16 (ia) - Standard Deduction
    Section 16 (ii) - Entertainment deduction
    Section 16 (iii) - Professional Tax

    Section 17 has 3 sub-sections. They are
    Section 17(1) - Meaning
    Section 17(2) - Perquisites
    Section 17(3) - Profit in lieu of salary

    Apart from these , there are exempted incomes under section 10 that should be dealt with.