New Provision
Section 15, IT Act 2025
Replaces (IT Act 1961)
New provision
Chapter
Chapter III — Incomes Not Forming Part of Total Income
Effective From
1 April 2026
Statutory Text — Section 15
he following income shall be chargeable to income-tax under the head “Salaries”:— (a) any salary due from an employer to an assessee in the tax year, whether paid or not; (b) any salary paid or allowed to him in the tax year by or on behalf of an employer though not due or before it became due to him; (c) any arrears of salary paid or allowed to him in the tax year by or on behalf of an employer, if not charged to income-tax for any earlier tax year. (2) For the purposes of sub-section (1), employer includes former employer. (3) If any salary paid in advance is included in the total income of any person for any tax year, it shall not be included again in the total income of such person when the salary becomes due. (4) Any salary, bonus, commission or remuneration, by whatever name called, due to, or received by, a partner of a firm from the firm shall not be regarded as salary for the purposes of this section.
Shahi & Co. — Our Understanding
This section falls under Chapter III which lists incomes that are specifically exempt from income tax — the equivalent of Section 10 of the old Income Tax Act, 1961.
Practical Note: Exempt incomes do not form part of total income for tax computation. However, they may still need to be disclosed in the ITR. Always verify eligibility conditions before claiming an exemption.
Shahi & Co., Chartered Accountants
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Disclaimer: This is a reproduction of Section 15 of the Income Tax Act, 2025 (No. 30 of 2025) as published in the Official Gazette of India (CG-DL-E-22082025-265620) for informational and reference purposes only. Shahi & Co., Chartered Accountants makes no warranty as to completeness or accuracy. For the official authenticated text refer to
egazette.gov.in or
incometaxindia.gov.in. This does not constitute legal or tax advice.