In Section 17(1), the term salary means any income or payments you get from any employer. It includes basic salary allowances, commissions, profits, and bonuses. It is a form of fixed income that an individual gets for their work during a specific period.
The Definition of salary, according to the Income Tax Act, is that any amount which is received by the employee from their employer is considered as salary.
These are the conditions under which the salary is taxable in India:
Share Your Thoughts and Connect with Others.
I'm hoping someone can share their experience with claiming a TDS refund through an Income Tax Return (ITR). I'm an NRI living in Dubai and had TDS deducted on the...
I'm filing my Income Tax Return (ITR) for FY 2025-26 (AY 2026-27) and decided to check my Annual Information Statement (AIS) before submitting my return. While reviewing it, I noticed...
I'm an NRI based in California and filed my Income Tax Return (ITR) for FY 2025–26 through the Income Tax e-Filing portal in early June 2026. I completed e-verification using...
I'm preparing to file my Income Tax Return (ITR) for FY 2025-26 (AY 2026-27), and I keep seeing people recommend checking AIS (Annual Information Statement) before submitting the return. To...
I'm currently working in Bengaluru and I'm getting ready to file my Income Tax Return (ITR) for FY 2025–26. My employer has informed us that Form 16 will be issued...
Hi everyone, I'm an NRI living in the US and getting ready to file my Income Tax Return for FY 2025–26 (AY 2026–27). This year, I want to file the...
Hi everyone, I'm currently living in the UK and need to file my Income Tax Return (ITR) for Assessment Year (AY) 2026–27 in India. While searching online, I found different...
I'm an NRI living in the United States and need to file my Income Tax Return (ITR) online for AY 2026–27 (FY 2025–26). Last year, my CA handled the filing,...
I'm an NRI currently living in Germany and getting ready to file my Income Tax Return (ITR) in India for Assessment Year (AY) 2026–27. While gathering my tax documents, I...
I'm an OCI cardholder living in California and became a US citizen a few years ago. I still have financial ties to India because I visit regularly, and I'm now...
Let Savetaxs guide you to the perfect solution for all your queries.
Here is the list of incomes that are mentioned as a salary according to Section 17(1) of the Income Tax Act.
Bonuses, commissions, leave encashment, non-monetary benefits, Gratuity, pensions, and profit instead of salary are also included under salary according to Section 17(1) of the Income Tax Act.