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Provision for salary


ashok gupta   16 January 2020

ashok gupta

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provision for salary is admissible under income tax or not

SHIVANI KUDTARKAR   16 January 2020

SHIVANI KUDTARKAR

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Not admissible.
Salary expenses are allowed to be claimed subject to section 43B i.e. on actual payment basis.
The only provision allowed is provision for gratuity which becomes payable.

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RAJA P M ("Do the Right Thing...!!!")     16 January 2020

RAJA P M
"Do the Right Thing...!!!" 
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@ Mr Ashok Gupta.,

Are You asking about Employer's account or Employee's Salary...?

ashok gupta   16 January 2020

ashok gupta

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@ raja about employer's account

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RAJA P M ("Do the Right Thing...!!!")     16 January 2020

RAJA P M
"Do the Right Thing...!!!" 
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Yes... You can provide Provision of Salary in the end of the month. It's admissible under income tax...

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CA Arun Tiwari (Partner)     20 January 2020

CA Arun Tiwari
Partner 
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The only salary paid or incurred in the current year is deductible from current income and any provision for future salaries shall not be admissible as deduction as a business expense under Income Tax and if it is already claimed as a deduction it will be disallowed by AO in future.

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