(1) Wage and salary income shall consist of the following incomes generated during the relevant taxable period: <Amended by Act No. 14389, Dec. 20, 2016>
1. A salary, pay, remuneration, annual allowance, wages, bonus, allowance, and other benefits in the nature similar thereto, received by offering labor;
2. Income received as a bonus pursuant to a resolution at a general meeting of stockholders or a general meeting of employees of a corporation, or a deliberative organ corresponding thereto;
3. The amount treated as a bonus under the Corporate Tax Act;
4. Income received due to retirement, however, which is not included in the retirement income;
5. A compensation that an employee, etc. or a faculty or employee of a university receives for employee's invention (excluding compensations for employee's invention under Article 21 (1) 22-2).
(2) The amount of wage and salary income shall be calculated by deducting the amount pursuant to Article 47 from the total income (excluding non-taxable income; hereinafter referred to as "total amount of pay") under the subparagraphs of paragraph (1).
(3) Matters necessary for the scope of wage and salary income shall be prescribed by Presidential Decree.[This Article Wholly Amended by Act No. 9897, Dec. 31, 2009]