I get salary(8 months around 150K) of 2014-15 in May 2015. Will this be treated as income of 2015 -16 and tax deduction will be as per total current year salary + 150K? If yes then let if i get it on time & gross of 2014 - 15 is less than 250K, which is below taxable range, means not eligible for tax payment. But after getting all (current & due salary) it crossing to 500K . Some one is saying that tax will be calculated by treating 500K as current year income. PLease clear what are rules & what will be taxable income for 2015-16. It is case of govt employee.
Thanks in advance. Amit
