Taxability of salary
This query is : Open
06 April 2016
Salary is taxed on the basis of receipt or due whichever is earlier. it means if you receive your salary in advance then advance salary will be taxable or if your salary us accrued but not received in cash then also tax will be levied on salary.
06 April 2016
Yes agree with expert, It also depend upon dept where you working and how they maintain accounts. if they book last day of month without paying then it is due basic but if they book when the pay then it is receipt basis. advances is taxable in same year while arrears of previous year salary is subject to relief u/s 89(1).
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09 April 2016
what if a person hasn't received his 3 months salary in a financial year. Are u saying that he ought to pay tax for this salary too??
09 April 2016
What if a person hasn't received his salary for 3 months in a financial year.. Are u saying that he ought to pay taxes for that salary income he hasn't yet received??
09 April 2016
What if a person hasn't received his salary for 3 months in a financial year.. Are u saying that he ought to pay taxes for that salary income he hasn't yet received??
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