As you can see in the image above, the SDK is set to 17 and yet i am not seeing language level up to 17 or higher. What am i missing?
Even Java compiler shows up to 12 bytecode version.
I'm going to add an answer so this can hopefully be helpful to others.
The language level version available is dependent on the version of Jetbrains IDEA itself. As @Slaw pointed out, there is a table provided by Jetbrains
https://www.jetbrains.com/help/idea/supported-java-versions.html
By that table, 2019.1 will support up to language level 13. At least 2021.2 is required for language level 17.