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Salary Accrual or Payment Basic

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2010 Dear Experts,

for income tax return purpose how to calculate salary & tax ?

April to March Payment Basic or
April to March Accrual Basic
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Srikant

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Srikant (Expert)
25 June 2010 As per your Accounting Policy.
Accrual basically.
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 June 2010 i don't know i am a co-ordinator.
i am getting salary on every 5 of month so march salary getting april
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 June 2010 As per income tax - Accural or Paid which ever is earlier, except some cases like bonus

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