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advance salary
advance salary of an employee is taxable in which year ?
Replies (5)
which month The advance is calculate as salary at the time of FY year....
salary is taxable on receipt or accrual , whichever is earlier.
Yes. You are correct. But, Company ll be pay as salary then it's calculated as Salary. If company ll be pay as advance then it's not calculated as salary...
thank u to both of u . now m clear completely .
You are Welcome......
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