Salary for march
This query is : Resolved
VALMEEKI RAVI RAMESH
(Querist)
19 March 2014
salary for the month of March 2013 was received in April 2013 thn is it taxable in f.y. 2012 - 13 or f.y. 2013 - 14?
20 March 2014
Salary is taxable on accrual or receipt basis, whichever is earlier.
The salary became due in March and accordingly will be taxable in FY 2012-13.
The salary became due in March and accordingly will be taxable in FY 2012-13.
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