01 April 2010
hi dear pls let me know that if in any Practicle Problem of Income tax Book -Salary Chapter- In question there is not mentioned about the day of salary falls -what we assume then & why ? Problem is An employee Joined say 01.01.2009 with Pay of Rs.15000(increment rs 2000 every year) Then How will be compute salary for the year 2009-10
01 April 2010
Actually what i want to know is that If someone joins on 01.01.2009 with salary of Rs.15000 pm & there will be increment of Rs.1000 each year . Now how would it be calculated: According to -if salary falls on Last day of month 01.04.2009 To 31.12.2009 15000 * 9 = 135000 16000 * 3 = 48000 Total 183000 OR 01.04.2009 To 01.01.2010 15000 * 10 = 150000 16000 * 2 = 32000 Total 182000
The problem is -how would we know that which one of above is right -as date of due of salary not given in question)
CAclubindia
