Income tax on salary of mar 14
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2014
Hi,
I retired in the middle of last year from a govt job. I recieved salary for the month of march 2014 into my account in april 2014.
Should this salery be counted for FY2013-14?
I retired in the middle of last year from a govt job. I recieved salary for the month of march 2014 into my account in april 2014.
Should this salery be counted for FY2013-14?
26 July 2014
Request your employer yo provide you form 16 and based on that file your income tax return. Some government companies consider march salary in next financial year while some consider it in same year. Check what has been done in your case.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2014
In the Form 16, they have shown for this year. But they did not cut any tax, because I left in may end and the total salary was lesser than taxable.
26 July 2014
Then you need to consider the salary for this year and not in the return of FY 2013-14.
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