Salary taxation
This query is : Resolved
27 May 2013
Dear Experts,
In case of Govt. Employees their March Salary is received in the month of April and as per charging section of Salary it is taxable on due or receipt basis which ever is earlier.
So It sud be taxable in the month of March or April ?
Please Reply on urgent basis .
In case of Govt. Employees their March Salary is received in the month of April and as per charging section of Salary it is taxable on due or receipt basis which ever is earlier.
So It sud be taxable in the month of March or April ?
Please Reply on urgent basis .
27 May 2013
as you write as per income tax due or receipts which ever is earlier '
salary taxable in march
salary taxable in march
28 May 2013
But they Practically tax it in April , Please Reply
28 May 2013
you can take 12 month salary in current year .
if march salary take in next year
then you may problem
if march salary take in next year
then you may problem
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