Income from Salary is one of the important heads of income under the Income Tax Act, 1961. Salary taxpayers are amongst our most educated and conscientious taxpayers. Lack of awareness amongst them is often cited. They have been in particular, keen to know about the exemptions, reliefs and deductions available to them.

The provisions regarding salaries are as much subject to instability as other provisions in the income-tax law by way of statutory amendments, instructions, circulars from time to time and the ever flowing precedents from the courts and the Tribunal. All these have been discussed in this book. This book is an attempt to help the salary taxpayers by explaining the provisions relating to calculation of Income from Salary in an easy-to-understand language.

The amendments made by the Finance Act, 2023 have been incorporated at appropriate places in this book.