calculation of arrear of salary in case of empolyee
This query is : Resolved
CA.MANOJ LAMBA
(Querist)
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
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
K V Subba Rao
(Expert)
06 March 2009
Check the following link:
https://www.taxworry.com/2008/09/sixth-pay-commission-arrears-payments.html
https://www.taxworry.com/2008/09/sixth-pay-commission-arrears-payments.html
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