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Diff between salary advance & advance against salary (Income Tax)

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This query is : Resolved

( Querist )
11 October 2010

Is the "Advance against salary" is diff from "salary advance" & advance against salary is taxable or not??

CA Punit

( Expert )
11 October 2010

Advance against salary is a kind of loan - Not Taxable
Advance salary means salary received in advance - Taxable


( Querist )
11 October 2010

thakns punit

CA Amit Joshi

( Expert )
11 October 2010

Thx punit ji



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