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March salary paid in april, how to show in itr?

Udgam Koomar (Tax Technologist) (1949 Points)

05 March 2016

March 2015 Salary was credited on 5th April 2015 and the TDS on same was not shown in AY 2015-16 but in AY 2016-17 form 26AS. Even form16 doesnot show March and every year its same so effectively 12 months salary gets complete in one FY. But my query is since both amount and TDS is shown for AY 2016-17, while filing ITR can I just follow like this or I have to show March 2015 Salary in AY 2015-16?

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4 Replies

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 11 March 2016

Salary is taxed on 'due basis' or 'receipt basis', whichever is earlier.

Income from salary taxable during the year consists of following:

Salary due from employer (including former employer) to taxpayer during the previous year, whether paid or not;
Salary paid by employer (including former employer) to taxpayer during the previous year before it became due;
Arrear of salary paid by the employer (including former employer) to taxpayer during the previous year, if not charged to tax in any earlier year;

March'15 salary will be taxable in AY 2015-16.

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Vishal Goel (Chartered Accountant) (1688 Points)
Replied 11 March 2016

Salary is taxed on 'due basis' or 'receipt basis', whichever is earlier.

Income from salary taxable during the year consists of following:

Salary due from employer (including former employer) to taxpayer during the previous year, whether paid or not;
Salary paid by employer (including former employer) to taxpayer during the previous year before it became due;
Arrear of salary paid by the employer (including former employer) to taxpayer during the previous year, if not charged to tax in any earlier year;

March'15 salary will be taxable in AY 2015-16.

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Udgam Koomar (Tax Technologist) (1949 Points)
Replied 11 March 2016

Hello Thanx for the reply but the TDS for the same march salary has been done but not showing in form 26AS and form16 so despite my TDS done, I show the salary in ITR and have to pay TDS again on my own. How does this work?