Question

26. Arrears of salary of employee is-
(A) Taxable
(B) Exempt
(C) Partially taxable
(D) None of these​

Answer 1

Answer:

In the world of payroll, paying in arrears usually refers to paying an employee for work completed from a previous pay period instead of the current pay period. For example, let's say you paid your employees on January 20 for the January 1-15 pay period.

Explanation:

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