Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 | StaffNews : Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 Treatment of Income from Different Sources I. Income under the head Salaries 1.1 Salary is defined to include: a) Wages b) Annuity c) Pension d) Gratuity e) Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages f) Advance of Salary g) Leave Encashment h) Annual accretion to the balance of Recognized Provident Fund i) Transferred balance in Recognized Provident Fund j) Contribution by Central Government or any other employer to Employees Pension Account as referred in 80CCD 1.2 Points to consider: a) Salary income is chargeable to tax on “due basis” or “receipt basis” whichever is earlier. b) Existenc