Repeated question and considered your reply...My view: Govt employees have to pay tax on salaries from March to Feb of any year. But if a person retires on 31st March, then salary for 13 month has to be taken academically. Academically, we should recalculate previous years taxable income. Since, practically it is not convenient, so we should pay tax on 13 months salary. And there is no way to save tax on extra month salary. Pls confirm ...
Ans: Hi Dinesh
I do not understand why the financial year would be different for government employees. The taxation is always on income during the period April 1 of a year to March 31 of the subsequent year and there is no 13 month salary taxation concept
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