To which FY the March 2012-2013 FY salary drawn in April 2013-2014 FY pertain to for calculating tax liability?

Question

I am drawing March [2012-2013 FY] salary in April [2013-2014 FY]. Will it be taxed for 2012-2013 FY or 2013-2014 FY? I mean will it be assessed in 2013-2014 AY or 2014-2015 AY assessment?

Pankaj Batra · Answer

Salary received for March 2013 should be included in FY 2012-13.

To which FY the March 2012-2013 FY salary drawn in April 2013-2014 FY pertain to for calculating tax liability?

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