I have received salary worth Rs.80,000 and my accrued salary Rs.1,75000.
How much tax I have to pay?
HARDIK
(ARTICLE)
(105 Points)
Replied 13 January 2012
Salary is Taxable on due basis or on receipt basis, whichever is earlier, whether it is from present or former employer..therefore, it is fully taxable.
The Assessee can claim relief u/s. 89(1) for arrear or Advance salary.
Prashanth
(Chartered Accountant)
(2322 Points)
Replied 13 January 2012
Hi,
Can u be more clear on the info which u have provided
1.Like for which Assessement you have recd this salary?
2.In remaining 3 months are you going to receive any futher amount?
goldy
(teacher)
(28 Points)
Replied 16 January 2012
CAclubindia
