Section 15Central Act

Section 15: Salaries

The Income-tax Act, 1961

Salaries.

- The following income shall be chargeable to income-tax under the head "Salaries"-

(a)

any salary due from an employer or a former employer to an assessee in the previous year, whether paid or not;

(b)

any salary paid or allowed to him in the previous year by or on behalf of an employer or a former employer though not due or before it became due to him;

(c)

any arrears of salary paid or allowed to him in the previous year by or on behalf of an employer or a former employer, if not charged to income-tax for any earlier previous year.

[Explanation 1] [ Explanation renumbered as Explanation 1 thereof by Act 18 of 1992, Section 6 (w.e.f. 1.4.1993).].-For the removal of doubts, it is hereby declared that where any salary paid in advance is included in the total income of any person for any previous year, it shall not be included again in the total income of the person when the salary becomes due.[Explanation 2. - Any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as "salary" for the purposes of this section.] [ Inserted by Act 18 of 1992, Section 6 (w.e.f. 1.4.1993).]

Sec 14A — Expenditure incurred in relation to income not includible in total income [ Inserted by Act 14 of 2001, Section 11 (w.r.e.f. 1.4.1962).]

Sec 16 — Deductions from salaries

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