Section 17 2 Of Income Tax Act

Any salary in lieu of leave received during service is fully taxable.
Section 17 2 of income tax act. The income tax department never asks for your pin numbers. The value of rent free accommodation provided to the assessee by his employer sec. Condonation of delay under section 119 2 b of the income tax act 1961 in the filing of return of income for a y 2016 17 2017 18 and 2018 19 and form no 9a and form no.
Ii the value of any concession in the matter of rent respecting any accommodation provided to the assessee by his employer. Section 17 income tax act 1961 2015 salary perquisite and profits in lieu of salary defined. Ii interest on debentures or other securities for money issued by or on behalf of a local authority or a company or a corporation established by a central state or provincial act.
2 perquisite includes. Any profit in lieu of or in addition to salary any cash payment received by employee from employer is called profit in lieu of salary and these are explained later in this chapter u s 17 3. Under the act the term perquisites is defined by section 17 2 as including the following items.
I the value of rent free accommodation provided to the assessee by his employer. 1961 income tax department all acts income tax act 1961. These are explained in detail later in this chapter u s 17 2.
6for the purposes of sections 15 and 16 and of this section 1 salary 7 includes7 i wages. Ii any annuity or pension. The value of any concession in the matter of rent respecting any accommodation provided to the assessee by his employer sec.
1 the following amounts due to an assessee in the previous year shall be chargeable to income tax under the head interest on securities i interest on any security of the central or state government. Scope of total income. 2 nothing contained in sub section 1 shall be construed as precluding an assessee from being charged.