CHAPTER IV — PART B — SALARIES | INDEX OF SECTIONS Part B of Chapter IV — Salaries — covers 5 sections (ss. 15-19) — the entire substantive law for the Salaries head of income. Section 15 charges salary on the earlier of due/receipt basis; ss. 16-18 supply the substantive scope (salary,…
ITA 2025 regimeAct — chapter commentary1 min read
Chapter IV · Part B — Part B — Salaries
Chapter IV · Part B — Part B — Salaries
CHAPTER IV — PART B — SALARIES | INDEX OF SECTIONS
Part B of Chapter IV — Salaries — covers 5 sections (ss. 15-19) — the entire substantive law for the Salaries head of income. Section 15 charges salary on the earlier of due/receipt basis; ss. 16-18 supply the substantive scope (salary, perquisite, profits-in-lieu definitions); s. 19 prescribes the salary-side deductions.