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salary due
why did year of charge of salary is from 1/3-28/2. for employee whose salary is due in 1 day of next month
Replies (6)
As salary is taxable on due or receipt basis
if it is taxable on receipt and due basis, then it should be, 1/4-1/3
But on 01/04 salary of march is due. That's why month is started from 01 March.
will you pls explain it in detail, i can't able to understand.
As salary of March due in April & also received in April. So same is taxable in April.
That's why we count salary of March in next year.
That's why we count salary of March in next year.
As Salary of March is not due or received in same year, it is excluded from that yea. That's why salary counted upto Feb only.
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