Which of the following are included in 'salary' as per section 16 of the Income-tax Act, 2025? A. Wages…

Section 16 of the Income-tax Act, 2025 (formerly section 17(1) of the 1961 Act) inclusively defines 'salary' to include (a) wages, (b) any annuity or pension, (c) any gratuity, (d) any fees or commission, (e) perquisites, (f) profits in lieu of, or in addition to, any salary or wages, (g) any advance of salary, (h) leave encashment, and certain provident fund, pension scheme and Agniveer Corpus Fund contributions and accretions. Wages (A), annuity or pension (B), gratuity (D) and advance of salary (E) are therefore salary. Interest on securities (C) is chargeable under the head 'Income from other sources' (section 92(2)(e)), not as salary, so every option containing C is wrong.