Income from salary
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
For the purposes of this Part, “salary” includes—
- (a) wages;
- (b) any annuity or pension;
- (c) any gratuity;
- (d) any fees or commission;
- (e) perquisites;
- (f) profits in lieu of, or in addition to, any salary or wages;
- (g) any advance of salary;
- (h) any payment received by an employee in respect of any period of leave not availed of by him;
- (i) the annual accretion to the balance at the credit of an employee participating in a recognised provident fund, to the extent to which it is chargeable to tax as per paragraph 6 of Part A of Schedule XI;
- (j) the aggregate of all sums that are comprised in the transferred balance as referred to in paragraph 11(2) of Part A of Schedule XI of an employee participating in a recognised provident fund, to the extent to which it is chargeable to tax under sub-paragraphs (4) and (5) thereof;
- (k) the contribution made by the Central Government or any other employer in any tax year, to the account of an employee under a pension scheme referred to in section 124; and
- (l) the contribution made by the Central Government in any tax year, to the Agniveer Corpus Fund account of an individual enrolled in the Agnipath Scheme referred to in section 125.
