I have received salary worth Rs.80,000 and my accrued salary Rs.1,75000.
How much tax I have to pay?
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Income tax return
Replies (3)
Salary is Taxable on due basis or on receipt basis, whichever is earlier, whether it is from present or former employer..therefore, it is fully taxable.
The Assessee can claim relief u/s. 89(1) for arrear or Advance salary.
Hi,
Can u be more clear on the info which u have provided
1.Like for which Assessement you have recd this salary?
2.In remaining 3 months are you going to receive any futher amount?
I wantto enquire about current assessment year 2012-13.
In remining 3 months I am not going to receive any futher amount
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