Basis of Charge - (New) Section 15 / (Old) Section 15

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...., whether paid or not; • (b) Salary "paid" before it becomes due (advance salary) • any salary paid or allowed to him in the tax year by or on behalf of an employer though not due or before it became due to him; • (c) Arrears of salary -  • any arrears of salary paid or allowed to him in the tax year by or on behalf of an employer â....

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....)(b) Advance salary Receipt Received = Taxable Sub section (1)(c) Arrears Receipt Past income taxed now Sub section (2) Employer definition Scope Includes ex-employer Sub section (3) Advance salary Avoid Double Tax Tax only once Sub section (4) Partner remuneration Classification Not salary Upto 31.03.2026 Se....

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.... actually paid). • Arrears of Salary - Any arrears of salary paid in the PY, if not charged to tax for any earlier PY on due basis. • Advance Salary - Salary received in advance is taxable on receipt basis and not on due basis. Explanation: • Avoiding Double Taxation - If advance salary is taxed during PY of receipt then it shall not be taxed again wh....