Dear Shweta,
Salary advance means paying about 75% of salary in advance and recovering in the same month. As for as your case is concerned it should be treated as Loan taken for the specific purpose, which can be recovered in agreed installments. Always make sure that the deductions(statutory and others) should be around 25% and take home salary 75%.
Salary advance means paying about 75% of salary in advance and recovering in the same month. As for as your case is concerned it should be treated as Loan taken for the specific purpose, which can be recovered in agreed installments. Always make sure that the deductions(statutory and others) should be around 25% and take home salary 75%.