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RECEIVING LESS SALARY IN CORONA PANDEMIC-
IT WOULD STILL BE TAXED ON ORIGINAL CTC
• Since salary is chargeable on Accrual
or receipt whichever is earlier, If you
are receiving salary lower than actual
then it would still accrue on your
account and not receiving it does not
provide relaxation from income
tax.(section 15 of Income tax Act)
• Ensure that the Components of salary
also revise in salary slip/form 16
• Or
• Received communication from
company about the new received salary
AL
CA ANKUR LAKHIWAL MOB 8010898029

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Salary

  • 1. RECEIVING LESS SALARY IN CORONA PANDEMIC- IT WOULD STILL BE TAXED ON ORIGINAL CTC • Since salary is chargeable on Accrual or receipt whichever is earlier, If you are receiving salary lower than actual then it would still accrue on your account and not receiving it does not provide relaxation from income tax.(section 15 of Income tax Act) • Ensure that the Components of salary also revise in salary slip/form 16 • Or • Received communication from company about the new received salary AL CA ANKUR LAKHIWAL MOB 8010898029