Adjustment of i tax & tds
This query is : Resolved
13 July 2015
If salary of month of March is paid in April month of next yr. In this case, if income tax is calculated on due basis of salary i.e. March and TDS is cut when salary is paid i.e. April of next year. Then how the adjustment between income tax and TDS??? please explain..
19 July 2015
Salary of March paid in Apri, will be consider as income of next year. for Salary therefore salary income due for March to Feb. is considered which is paid in financial Year, generally.
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