Tax Liability On Salary

 As per sec 15(1) of Income tax act, 1961  he is liable to pay tax  on the amount of  whole year salary on due basis

Yes, on whole amount

SALARY IS TAXALE AN ACCURAL BASIS. thus, he is laible for whole year.

salary is taxable on due basis so he is liable for whole amt.

As salary is taxable on due basis he is liable to tax on the whole amount.

Yes, I'll agree with the above answers, but i've a doubt where the employee is sure that he'll not get the remaning six months salary, what will be his tax liability..???

Depends on the comapny accounts, if the company is showing as outstanding liability he has to pay for the remaning 6months also..

hey murali don deviate from the topic...if you want to contribute something usefull then do it don do timepass and waste other CA's time.

hi I am Vidya working for a MNC which is established this year and we have not yet started our trading business. We want to register for CST & VAT. What is the procedure and forms required for this purpose

Hi Vidya,

I suggest you to post your queries at appropirate place, else, may not be  noticed.

In Karnataka Form VAT-1, 2, 3 and 4 for VAT registration and Form-A for CST which is believe is common throught the Country has to be filled and filed with jurisdictional officer.  MOA, AOA, Address proof of business address and directors etc., have to be submitted along with the application.

VISIT YOUR LOCAL VAT OFFICE THEY WILL ASSIST.IF YOU DON'T NOW WHICH VAT OFFICE U SHOULD ENQIRE ASK YOUR NEGHIBOUR ESTABLISHMENT WHICH IS THEIR JURDICTION AND U CAN GO THERE AND FOLLOW THE INSTRUCTION

AS PER INCOME TAX RATE/SLABS  2008-2009, HIS  INCOME COME IN TAXABLE SLAB  THAN HE HAVE A LIBILTY TO PAY   TAX : SO IT IN NOT MATTER THAT HE CAN GET SALARY FOR MUCH MONTH