March salary paid in april, how to show in itr?

5232 views 4 replies

March 2015 Salary was credited on 5th April 2015 and the TDS on same was not shown in AY 2015-16 but in AY 2016-17 form 26AS. Even form16 doesnot show March and every year its same so effectively 12 months salary gets complete in one FY. But my query is since both amount and TDS is shown for AY 2016-17, while filing ITR can I just follow like this or I have to show March 2015 Salary in AY 2015-16?

Replies (4)

Salary is taxed on 'due basis' or 'receipt basis', whichever is earlier.

Income from salary taxable during the year consists of following:

  1. Salary due from employer (including former employer) to taxpayer during the previous year, whether paid or not;
  2. Salary paid by employer (including former employer) to taxpayer during the previous year before it became due;
  3. Arrear of salary paid by the employer (including former employer) to taxpayer during the previous year, if not charged to tax in any earlier year;

 

March'15 salary will be taxable in AY 2015-16.

Salary is taxed on 'due basis' or 'receipt basis', whichever is earlier.

Income from salary taxable during the year consists of following:

  1. Salary due from employer (including former employer) to taxpayer during the previous year, whether paid or not;
  2. Salary paid by employer (including former employer) to taxpayer during the previous year before it became due;
  3. Arrear of salary paid by the employer (including former employer) to taxpayer during the previous year, if not charged to tax in any earlier year;

 

March'15 salary will be taxable in AY 2015-16.

Hello Thanx for the reply but the TDS for the same march salary has been done but not showing in form 26AS and form16 so despite my TDS done, I show the salary in ITR and have to pay TDS again on my own. How does this work?

 

Hi,

How did you resolve this? Does the TDS software permit inclusion of payment made in April into Form 24Q Q4 of the previous year?

Thanks

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details