Day of Salary Falls -Ist or last .....practicle problem

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PardeepBassi (Querist)

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

Pls make me clear

M Prabhakar Menon

M Prabhakar Menon (Expert)

01 April 2010 Pl rephrase your question

PardeepBassi

PardeepBassi (Querist)

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)

M Prabhakar Menon

M Prabhakar Menon (Expert)

01 April 2010 Pl give a note along with your answer stating the assumption made that will take care of the answer.

PardeepBassi

PardeepBassi (Querist)

01 April 2010 thanks

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