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Asked by Prashant on :Jun. 13, 2018

What is difference between advance salary and adv…

What is difference between advance salary and advance against salary?

What is difference between advance salary and advance against salary?

0

Jeeba Jun. 13, 2018

Advance salary is amount taken by employee before it is becoming due and it is chargeable to tax.

Advance against salary is different from advance salary. It is advance taken by the employee from employer. This advance is adjusted against salary over a specified time period. Hence, it can not be taxed as salary

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