CA Inter doubt
What is the difference between Advance salary and Advance against salary?
Asked by Mahek12 May 2024579 views
3 answers
Mahek · 12 May 2024
Okay, thankyou guys
Rahul · 12 May 2024
Yah advance salary is the advance u can get of a future salary,such is taxable under SALARY HEAD ,however ADVANCE AGAINST SALARY is basically u taking a loan kinda against ur future salary which would.be adjusted later on
Mahek · 12 May 2024
So basically advance against salary means the employer gives loan to employee and then instead of repayment of the loan, they're adjusted against his salary in advance.?
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