1961Section 115W

115W. Definitions.

In the 2025 Act1 match · Unreviewed

2025 No counterpartNot carried forward · Unreviewed · Compare

From the Income Tax Department's correspondence.

In this Chapter, unless the context otherwise requires,—

(a) "employer" means,—

(i) a company;

(ii) a firm;

(iii) an association of persons or a body of individuals, whether incorporated or not;

(iv) a local authority; and

(v) every artificial juridical person, not falling within any of the preceding sub-clauses:

Provided that any person eligible for exemption under clause (23C) of section 10 or registered under section 12AA or a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951) shall not be deemed to be an employer for the purposes of this Chapter;

(b) "fringe benefit tax" or "tax" means the tax chargeable under section 115WA.

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·