Income Tax | Investing | Stock Market
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The term salary is defined under section 17 (1) of the income tax act to include following items as salary; Wages Any annuity or pension Any gratuity Any fee, commission, perquisite or profit in lieu of salary or in addition to any salary or wages Any advance of salary Any payment received by an employee in respect of any period of leave not availed by him The … [Read more...] about How salary is defined under Income Tax Act
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