Income Tax Section 17

As per section 17 2 perquisite includes.
Income tax section 17. The term perquisite is defined in section 17 2. Definition of perquisites as per section 17 2 perquisite may be defined as any casual emolument or benefit attached to an office or position in addition to salary or wages. It also denotes something that benefits a man by going into his own pocket.
Perquisites may be provided in cash or in kind. 6for the purposes of sections 15 and 16 and of this section. A recognised provident fund or an approved superannuation fund 3 or a deposit linked insurance fund established under section 3g of the coal mines provident fund and miscellaneous provisions act 19484 46 of 1948.
Section 17 of income tax act 1961 2017 provides for salary perquisite and profits in lieu of salary defined. Section 17 income tax act 1961 2015. Salary perquisite and profits in lieu of salary defined.
The income tax department appeals to taxpayers not to respond to such e mails and not to share information relating to their credit card bank and other financial accounts. Salary perquisite and profits in lieu of salary defined 3for the purposes of sections 15 and 16 and of this section. Va 4 any payment received by an employee in respect of any period of leave not availed of by him.
Section 17 in the income tax act 1995. Tax working group s report. In the context of salary income perquisite means any benefit provided by the employer to the employee.
Section 17 income tax act 1961 2015. Section 17 2 in the income tax act 1995 2 perquisite includes. According to section 17 1 salary includes the following amounts received by an employee from his employer during the previous year.