Page tree

Versions Compared


  • This line was added.
  • This line was removed.
  • Formatting was changed.

Sometimes, company allows employee to avail advance against salary , payable. The advance amount is deducted from their the net income at the end of the month. The amount once deducted is not deducted and typically considered as an ad-hoc deduction. Please note that the deducted advance amount is considered taxable income and as such included in total earnings projection of an employee.