Which section deals with the basis of charge under the head Salaries?
ASection 15
BSection 16
CSection 17
DSection 14
Answer & Solution
Correct answer: A. Section 15
1. Each head of income has its own charging provision.
2. For salaries, the basis of charge is dealt with by section 15.
3. Section 16 covers the deductions allowed from salary instead.
4. Section 17 defines salary, perquisite and profits in lieu of salary.
_Source: ICAI Income Tax Law, Ch3 'Heads of Income', Unit 1 'Salaries', section 1.2_
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