i want to know for tax calculation what basis of salary to be taken.. either accrual or receipt.?
in other words salary of march 18 received in april 18 to be taken for calculation or tax limit for a.y 2019-20?
krati (article) (21 Points)
21 July 2019
Shankar Rugge
(376 Points)
Replied 22 July 2019
If you have received salary in Apr for Mar in your bank act then first check form 16 given by the employer. If he has shown this salary in your current 18-19 Financial year then take that amount in the AY 19-20 IT return. If not then take it into next financial year i.e. FY 19-20
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