06 March 2009
after the recommendation of 6 th pay commission, the empolyees are getting arrears of past year. as per recommendations 40% arrear is paid in this year & balance in next financial year. my question whether 40 % amount is taxable this year or whole 100%. in my opinion,100% amount of salary is taxable in year of accrual. but general dobut among the people that only 40% amount is taxable. is govt come with any clarification in this regard. please update me at the earliest. it is very urgent thanks
CAclubindia
