| Salaries | Perquisite | Profits in lieu of Salary | | This includes annuity or any pension recieved | These may include rent free accommodation | These are in the form of compensation for the termination or modification in the terms of employment | | It includes wages | It includes accommodation provided at concessional rates | Any payment from the employer or from a PF or other fund, such that it does not consist of the employees contribution | | It is a broad term including perquisites, profit in lieu, fees, commission in addition to any salary or wages | It includes amenities, facilities or benefits granted free of cost or at concessional rates by the employer | Any sum recieved under a Keyman insurance policy including bonus on such policy | | Includes advances | It refers to the obligtions of employee met by the employer | Any amount recieved in lumpsum or otherwise from any person before of after cessation of empolyment | | Employer contributions to Provident Fund and interests in excess of the prescribed limits | Securities and Stocks as awards | | | Taxable portions of the balance transferred to the newly recognized provident fund | Sum payable by the employer to effect an assurance on the life of the employee or to effect a contract for annuity except a recognized PF, Super Annuation Fund and deposit linked insurance fund. | | | Emplyers contribtuins to National Pension Scheme | Employers contributions to approved Super Annuation Fund in excess of Rs. 150000 | | | | Any other fringe benefit or amenity as prescribed in Rule 3 of the Income Tax Rules | |
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