banner_ad

How to file tax if last working day is 31 March 2023, and Salary credited in May 2023

ITR 593 views 2 replies

Hi

I resigned from my last company and my last working day was 31 March 2023. The company did not pay me last month salary in March. Instead they paid me in the month of May as full and final (FnF) settlement. So should I consider the FnF as 2023 income or for the next financial year?

Best regards.

RJ

Replies (2)
It is consider and account in 2023 (March)
Form 16A must have included salary for March
though
paid in May
Also 26AS/ AIS must reflect tds and salary as per form 16
So even if salary is recived in May....form 16 would have reflected salary for March
salary is taxed on recived or accrued basis whichever is earlier
So...keeping above points file salary amount


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details