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Employment tax payable to Govt. was Rs. 2000 but he paid only Rs.1000 during the previous year against the due amount.
Direct Taxation
He can avail deduction under section 16 Rs . 1000 only Is that correct?
Answers (7)
Best Answer
Balamurali Unnithan M S
Rs 2000 or 1000 is deductable? On due basis , it's 2000?
On paid basis . 1000
Balamurali Unnithan M S
Salary is taxed on due basis? Then how employment tax is on cash basis ?
Advance salary received by an employee is taxed in the year of receipt. Municipal taxes for house property are allowed if they are borne and actually paid by the owner. Similarly is this employment tax, as it is specifically given in the act
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