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According to vs Depending on

1 Depending on your salary, you get financial aid on/with housing.
2 According to you salary, you get financial aid on/with housing.

Thanks
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According to can often be replaced with if what someone says is true then....

Some examples are:

According to Jim, Pete's English is still not as good as it could be.

According to the book, the Nazis killed even more Jewish people than previously though.

So only the first sentance in your examples makes sense
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1 Depending on your salary, you get financial aid for housing.
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Comments  
Actually, both the sentences in this case are correct, and can be used in the same way. In this sentence, the words mean the same thing.
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