Day of Salary Falls -Ist or last .....practicle problem
This query is : Resolved
PardeepBassi
(Querist)
01 April 2010
hi dear
pls let me know that if in any Practicle Problem of Income tax Book -Salary Chapter-
In question there is not mentioned about the day of salary falls -what we assume then & why ?
Problem is An employee Joined say 01.01.2009 with Pay of Rs.15000(increment rs 2000 every year)
Then How will be compute salary for the year
2009-10
Pls make me clear
pls let me know that if in any Practicle Problem of Income tax Book -Salary Chapter-
In question there is not mentioned about the day of salary falls -what we assume then & why ?
Problem is An employee Joined say 01.01.2009 with Pay of Rs.15000(increment rs 2000 every year)
Then How will be compute salary for the year
2009-10
Pls make me clear
M Prabhakar Menon
(Expert)
01 April 2010
Pl rephrase your question
PardeepBassi
(Querist)
01 April 2010
Actually what i want to know is that
If someone joins on 01.01.2009 with salary of Rs.15000 pm & there will be increment of Rs.1000 each year .
Now how would it be calculated:
According to -if salary falls on Last day of month
01.04.2009 To 31.12.2009
15000 * 9 = 135000
16000 * 3 = 48000
Total 183000
OR
01.04.2009 To 01.01.2010
15000 * 10 = 150000
16000 * 2 = 32000
Total 182000
The problem is -how would we know that which one of above is right -as date of due of salary not given in question)
If someone joins on 01.01.2009 with salary of Rs.15000 pm & there will be increment of Rs.1000 each year .
Now how would it be calculated:
According to -if salary falls on Last day of month
01.04.2009 To 31.12.2009
15000 * 9 = 135000
16000 * 3 = 48000
Total 183000
OR
01.04.2009 To 01.01.2010
15000 * 10 = 150000
16000 * 2 = 32000
Total 182000
The problem is -how would we know that which one of above is right -as date of due of salary not given in question)
M Prabhakar Menon
(Expert)
01 April 2010
Pl give a note along with your answer stating the assumption made that will take care of the answer.
PardeepBassi
(Querist)
01 April 2010
thanks
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