banner_ad

Applicability of finance act 2019 for govt salaried employees

Tax queries 219 views 1 replies
User Avatar

article
21 Points Posted on 02 April 2019

Finance act 2019 is applicable  from 1 Apr 2019, but govt salaried persons calculate there f yr from  March 2019 to Feb 2019. In this whether interim budget passed for f y 2019-2020 is applicable for March 2019 or not? For some crisp you can think of tds provisions under 192B

 

 

Reply Share Follow
On 02 April 2019 at 09:47 Report
Replies (1)
User Avatar

service
72 Points Posted on 02 April 2019
Govt salaried persons do not calculate their FY from Mar to Feb. FY is same i.e. from Apr 2019 to Mar 2020. But as you receive salary of Mar 2019 in april 2019 so it is calculated in FY 2019-20. Further you will not get salary of Mar 2020 till 31st mar 2020 so it will be not included in FY 2019-20. Hence Budget passed for FY 2019-20 will be applicable for salary of Mar 2019 month if you receive salary mar 2019 after 31Mar 2019.
Reply
On 02 April 2019 at 10:37


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details