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

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1 Points Joined June 2023

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

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On 22 June 2023 at 15:26 Report
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
It is consider and account in 2023 (March)
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On 22 June 2023 at 16:00
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2349 Points Joined July 2017
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
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On 23 June 2023 at 09:36


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