alleryStart learning →Arrears of salary paid in the year are taxable in that year if they were:
ANot charged earlier
BBelow the amount due
CPaid by old employer
DPaid in cash only
Answer & Solution
Correct answer: A. Not charged earlier
Arrears paid or allowed in the previous year are chargeable only if they were not charged to income-tax for any earlier year.
Keep practising Salaries
Browse all Salaries questions for CA Inter, or explore more Taxation topics.
Related questions
Life insurance maturity sums are exempt except those received under which policy?Exempt travel concession from an employer for leave journeys covers places:HRA exemption fails if the employee has not actually:HRA exemption does not apply where the residence occupied by the employee is:House rent allowance is exempt only to meet expenditure actually incurred on:A payment from an approved superannuation fund on the death of a beneficiary is:With employer contribution also present, interest on employee PF deposits above what yearlAccumulated balance of a recognised provident fund is exempt as provided in which rule?