06 April 2016
You have to check and collect Form 16 from company where you are working...then you can get the information where to take March Salary in F.Y. 15-16 or 16-17. There are two type of accounting policy as per below period April to March - Accrued basic March to Feb - Receipt basic
06 April 2016
In india 1 year period starts from 1st Apr to 31st March.The period in which the income is earned is known as financial year .As per Sec 2(41) of companies act 2013 “financial year”, in relation to any company or body corporate, means the period ending on the 31st day of March every year, and where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st day of March of the following year, in respect whereof financial statement of the company or body corporate is made up.
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