Proprietor
30 Points
Joined March 2019
Yes.
As you have performed your duties in March, you are eligible for the salary. As you have “Earned” your salary in March, it is considered as your income of March i.e. FY 2018-19.
Your employer would also consider March’s salary as an expense and as it is not paid, it would be shown as “Salary payable” as a liability on his books of accounts for the year ended March 31, 2019.
Form 16 you would receive from your employer would accordingly report as your income for FY 2018–19. Thanks.