Salary taxable in the year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2015
Dear sir in one case of govt employee, he have recd salary in next year with current year salary i.e. for 2012-2013 salary recd in 2013-2014 for two year. how it will taxable in the financial year 2012-2013 and in 2013-2014. what will be the investment made under section 80c- in the year 2012-2013 also???
thanx in advance
thanx in advance
31 March 2015
The salary is taxable on accrual or receipt whichever is earlier. In your case 2012-13 salary would be taxable in 2012-13 only irrespective of the date of receipt.
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