Sub-part: B.—Salaries Sections: 15–19 Old Act equivalent: Sections 15, 16, 17(1), 17(2), 17(3) Status: ✅ Fully ingested — sections 15–19 completed
Overview
This sub-part covers the charging, computation, and deduction provisions for income under the head “Salaries” under the Income Tax Act, 2025.
Key changes from the 1961 Act:
- Old Section 15 (charging) → new Section 15 (unchanged in substance)
- Old Section 17(1) (salary definition) → new Section 16
- Old Section 17(2) (perquisite definition) → new Section 17
- Old Section 17(3) (profits in lieu of salary) → new Section 18
- Old Section 16 (deductions) → new Section 19
- Old exemptions from sections 10(10), 10(10A), 10(10AA), 10(10B), 10(10C) are now consolidated into Section 19 Table
- Standard deduction: Rs. 75,000 (new regime) / Rs. 50,000 (old regime)
- Employer contribution cap (RPF + NPS + superannuation): Rs. 7,50,000
Sections in This Folder
| Section | Heading | Old Equivalent | Ingested |
|---|---|---|---|
| 15 | Salaries — charging section | 15 | ✅ |
| 16 | Salary — inclusive definition | 17(1) | ✅ |
| 17 | Perquisite — definition | 17(2) | ✅ |
| 18 | Profits in lieu of salary | 17(3) | ✅ |
| 19 | Deductions from salaries | 16 | ✅ |
Key Cross-References
- Charging: s015 → salary defined in s016 → components in s017, s018
- Deductions: s019 consolidates all salary exemptions and deductions
- Standard deduction: s019 (Sl. No. 2) → references s202 (new tax regime)
- NPS contribution: s016(k) → section 124
- Agnipath: s016(l) → section 125
- Employer contribution cap: s017(1)(h) — Rs. 7,50,000 threshold
- TDS on salary: see tds-tcs/s392