As an individual, I am supposed to pay tax on salary (accrual or receipt whichever is earlier) while my employer is supposed to deduct TDS on payment basis. Now, for salary due in March 2009 but paid in April 2009 my employer has deducted TDS for FY 2009-10 but I need to pay tax in FY 2008-09. Can I take credit of TDS deducted by employer in 2009-10......
Or should I pay tax in FY 2008-09 and claim refund 2009-10