Arrear of salary
Hardik Shah (Tax Consultant) (28 Points)
25 October 2016
whole part of arrear of salary will be taxable or not for F.Y. 2015-16?
Hardik Shah (Tax Consultant) (28 Points)
25 October 2016
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 25 October 2016
Arrears of salary received by an employee are taxed in the year of receipt if the same were not taxed earlier on due basis.However a relief can be claimed u/s 89 if it is taxed on receipt basis for the F.Y. in which it is received.
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 26 October 2016
Yes arrear of salary amount is taxable in the year of received that amount.
Vaishnavi Ganesh
(Chartered Accountant)
(861 Points)
Replied 27 October 2016
It is taxable in the year of receipt if the same were not offered for assessment earlier years to which it belongs.
However rebate u/s 89 is available on filing of form 10E
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