How to Calculate Relief u/s 89(1) of the Income Tax Act?

CA Deepanshu Sharma , Last updated: 27 August 2021 Share Follow on Google News

What is Section 89(1) It is a relief provided by the income tax department in relation to amount received in advance or in arrears in the form of salary which is related to any other financial year. Basically, when any person receive salary in arrears or in advance in any particular year then

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CA Deepanshu Sharma
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Practicing Chartered Accountant with expertise in Indian Accounting, GST, Income Tax, TDS, Corporate law, Audit and Monthly MIS reporting. Previously worked with Genpact, EXL, and PWC in Financial Planning Analysis profile in Corporate Finance.

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How to Calculate Relief u/s 89(1) of the Income Tax Act?

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