For Income tax purposes financial year is April to March but in govt organization year will be from March to Feb
How to issue form 16 in this case ?
March to Feb , is it right ?
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Financial Year for govt organisations
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Period of Form 16 is April to March, but salary shown in 16 is of March to Feb
Why it is like that ?
Salary shown is from March to feb
Why it is so ?
I already define you in one more query the reason of doing so
This might not be answer for above query
As per income tax salary is taxable on due or received basis and government service salary due on 1st of next month, so march salary received and due in April. That's the reason for taking salary from Feb to March
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