Yes, Advance Salary is Taxable, but Advance against salary is not.
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 28 December 2009
Yes, Advance Salary is Taxable, but Advance against salary is not.
Bharat Khurana
(Student)
(153 Points)
Replied 29 December 2009
Income under the head of salary is taxable on due or receipt basis whichever is earlier. So advance salary is taxable