income from salary
This query is : Resolved
PANKAJ MISHRA
(Querist)
11 February 2009
Dear sir
Salary at the time of suspension period is taxable or not? (normally half salary for needy expenses)
Salary at the time of suspension period is taxable or not? (normally half salary for needy expenses)
CA. Harinder Kumar
(Expert)
12 February 2009
Yes it is vey much taxable. If your are receiving ii as salary. becuse there is nothing define in income tax as half salary and full salary. Moreover if after suspension period is over you will get arrear of salary as lumsum it will also taxable on receipt basis
CA.Tarun Maheshwari
(Expert)
12 February 2009
Agreed.
K V Subba Rao
(Expert)
12 February 2009
Salary received during suspension period known as Subsistence Allowance is taxable.
Balance of salary may or may not be paid depending on outcome of disciplinary proceedings. In any case. Susbsistence Allowance is taxable.
If and when arrears are drawn, difference of salary is taxable in the year of actual receipt.
I think in such cases, provisions of sec 89 can be invoked
Balance of salary may or may not be paid depending on outcome of disciplinary proceedings. In any case. Susbsistence Allowance is taxable.
If and when arrears are drawn, difference of salary is taxable in the year of actual receipt.
I think in such cases, provisions of sec 89 can be invoked
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