Diff between salary advance & advance against salary

This query is : Resolved 

11 October 2010

Is the "Advance against salary" is diff from "salary advance" & advance against salary is taxable or not??

CA Punit (Expert)
11 October 2010

Advance against salary is a kind of loan - Not Taxable
Advance salary means salary received in advance - Taxable

gaurav (Querist)
11 October 2010

thakns punit

CA Amit Joshi (Expert)
11 October 2010

Thx punit ji

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