Recent advances of the biomedical polarimetry have clearly demonstrated that circularly polarized light (CPL) can be effectively used for overall characterization of biological tissues with optical anisotropy,1 – 3 including detection of the senile Alzheimer’s plaques4,5 and quantitative evaluation of the cervical intraepithelial neoplasia.6,7 Proper exploration of the CPL-tissue interaction requires accurate self-consistent descriptive simulation tools.1,8,9 Monte Carlo (MC) based approaches are widely recognized as efficient tools for analyzing light scattering by biological tissues and turbid medium.10 – 14 In biophotonics, MC methods, such as MCML,15 created by L. Wang and S. Jacques, were originally designed to simulate scalar light transport within turbid scattering medium16,17 and were fundamentally relying on the radiative transfer equation (RTE).18 – 20 As significant role of polarized light in extending diagnostic capabilities of biomedical tools became apparent,21,22 MC methods evolved accordingly resulting in many practical and popular tools particularly developed by Ramella-Roman, Prahl, and Jacques,23,24 Hielscher,25,26 Wang,27 and Xu.28 Fundamental ground for these polarized MC approaches was established by the vector radiative transfer equation (VRTE), which represents a system of equations for each Stokes parameter and can be rigorously derived from the Maxwell electromagnetic theory.29 – 31 At the same time, an approach based on the iterative solution to Bethe–Salpeter (BS) equation 19,32 – 34 utilizing Jones vector formalism has been demonstrated to be effective for polarization tracking of MC-photons within turbid tissue-like medium and simulation of coherent backscattering.13,14,35 – 39 Recently, it has been shown on the fundamental level that VRTE- and BS-based approaches are equivalent under certain conditions.40 Advantages of the BS-based approach involve a direct relation to the analytic Milne solution and intuitive physical interpretation of the multiple scattering process via ladder diagrams.