advance salary

Page no : 2

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

 



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