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Q. > Please Help: Income Tax
if i am not paid salary for the whole year amounting to 12 Lac, then will i be liabile to pay self ass. tax? and subsquntly TDS deducted (at the time of payment) then ?
answered May 28, 2011 by CA.Khurana Vivek , South Delhi
Please explain the question, its not clear.
answered Jun 04, 2011 by Madhu Kiran , Hyderabad
Please share your query once again...
answered Jun 06, 2011 by CA VIKAS JAIN , DELHI
salary is taxable when it is due or when it is received which ever event is earlier.
answered Nov 19, 2012 by Anmol Goyal , Ujhani
salary is taxable on due or receipt basis whichever is earlier.
If afterwards, at the time of receipt tax is deducted, then you will be entitled for a return..
answered Nov 19, 2012 by Anmol Goyal , Ujhani
Experts Panelist
Comments
SANJEEV RASTOGI
26-May-2011 , 11:04:26 amwhat do u want to say. not clear
CA VIKAS JAIN
27-May-2011 , 02:37:07 amdear Rajesh, under the income tax law income is taxable when is accrued to you, means right to received the income is earned. so the salary is taxable in the year when its due to employee however payment may be subsequently done by employer. therefor employee should pay the self assessment tax at the time of filling of his return for that income also which is accrued to him but not received yet. As far as the question of TDS, when such employee received the salary then he can inform to his employer that tds should not be deducted as he was already paid taxes on that income. or if inspite of that tds is actually deducted by the employer then that should be refundable to the employe.
ca nitin
27-May-2011 , 07:17:34 amwhat do you want to say narrate clearly
CA MANOJ GUPTA
28-May-2011 , 07:21:24 amsalary is taxable on due or receipt basis u can claim that since i have not recd the salary hence i will not pay tax u can pay tax when u receive the salary