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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:
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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.