0Basic Salary
(+) DA
(+) Bonus
(+) Taxable portion of allowances
(+) Advance Salary
(+) Fees
(+) Commission
(+) Taxable value of perquisities
(+) Wages
(+) Profit in lieu of salary
(+) Taxable Retirement benefits
(+) Special allowances
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GROSS SALARY
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Less Deductions u/s 16
1) Section 16(i): Standard Deduction
2) Section 16(ii): Entertainment allowance
3) Section 16(iii): Profession Tax or Tax on employment
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NET Taxable SALARY Income OR Salary Taxable under the HEAD SALARY INCOME
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